Frank Slootman Sells 20,514 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 20,514 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $175.26, for a total transaction of $3,595,283.64. Following the sale, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,582,896.10. This represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Frank Slootman also recently made the following trade(s):

• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76.
• On Tuesday, September 17th, Frank Slootman sold 6,251 shares of Snowflake stock. The stock was sold at an average price of $114.39, for a total value of $715,051.89.
• On Tuesday, September 10th, Frank Slootman sold 1,606 shares of Snowflake stock. The shares were sold at an average price of $109.96, for a total value of $176,595.76.

Snowflake Trading Up 1.4 %

SNOW opened at $173.70 on Friday. The business has a 50 day moving average of $124.88 and a 200-day moving average of $128.64. The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of -51.24 and a beta of 0.83. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.

Wall Street Analyst Weigh In

A number of analysts have commented on SNOW shares. Oppenheimer reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Hsbc Global Res upgraded shares of Snowflake from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 23rd. DA Davidson reiterated a “buy” rating and set a $175.00 price objective on shares of Snowflake in a research report on Thursday, October 3rd. Robert W. Baird reduced their target price on Snowflake from $200.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Finally, KeyCorp lifted their price target on Snowflake from $150.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.09.

Institutional Trading of Snowflake

Hedge funds have recently bought and sold shares of the stock. LRI Investments LLC raised its position in shares of Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 112 shares during the last quarter. Wellington Shields Capital Management LLC bought a new stake in shares of Snowflake in the 2nd quarter worth approximately $27,000. Groupama Asset Managment acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Snowflake during the third quarter valued at approximately $30,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Snowflake in the second quarter valued at $39,000. 65.10% of the stock is owned by institutional investors.

Snowflake Company Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.