Snowflake Inc. (NYSE:SNOW) EVP Sells $241,725.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $161.15, for a total value of $241,725.00. Following the completion of the transaction, the executive vice president now owns 772,597 shares of the company’s stock, valued at approximately $124,504,006.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Christian Kleinerman also recently made the following trade(s):

• On Monday, April 15th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $156.38, for a total value of $234,570.00.
• On Monday, March 18th, Christian Kleinerman sold 12,636 shares of Snowflake stock. The shares were sold at an average price of $157.32, for a total value of $1,987,895.52.
• On Thursday, March 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $161.94, for a total transaction of $242,910.00.

Snowflake Stock Performance

Shares of Snowflake stock opened at $161.86 on Friday. Snowflake Inc. has a 12-month low of $138.40 and a 12-month high of $237.72. The firm’s 50 day simple moving average is $157.04 and its two-hundred day simple moving average is $179.65.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. The company had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. Sell-side analysts anticipate that Snowflake Inc. will post -1.83 earnings per share for the current year.

Institutional Investors Weigh In On Snowflake

Large investors have recently bought and sold shares of the company. Accent Capital Management LLC acquired a new stake in shares of Snowflake in the fourth quarter worth $25,000. LRI Investments LLC acquired a new stake in Snowflake during the 1st quarter worth about $29,000. Provence Wealth Management Group purchased a new position in shares of Snowflake during the 3rd quarter valued at about $30,000. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Snowflake by 89.0% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock valued at $31,000 after buying an additional 97 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Snowflake in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SNOW. BNP Paribas upgraded shares of Snowflake from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a report on Thursday, May 2nd. Citigroup cut their target price on Snowflake from $290.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC cut their price objective on Snowflake from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Bank of America lowered their target price on shares of Snowflake from $212.00 to $200.00 and set a “neutral” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

About Snowflake

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.