John Dennis Mcmahon Sells 10,053 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW – Get Rating) Director John Dennis Mcmahon sold 10,053 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $139.98, for a total value of $1,407,218.94. Following the completion of the transaction, the director now directly owns 155,902 shares of the company’s stock, valued at $21,823,161.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

John Dennis Mcmahon also recently made the following trade(s):

• On Monday, March 6th, John Dennis Mcmahon sold 1,000 shares of Snowflake stock. The stock was sold at an average price of $142.65, for a total value of $142,650.00.

Snowflake Stock Performance

NYSE SNOW opened at $142.65 on Thursday. The stock has a market capitalization of $45.88 billion, a price-to-earnings ratio of -57.06 and a beta of 0.75. The stock’s 50 day moving average price is $149.23 and its two-hundred day moving average price is $156.77. Snowflake Inc. has a 52 week low of $110.26 and a 52 week high of $246.52.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Ronald Blue Trust Inc. bought a new stake in Snowflake in the 2nd quarter valued at approximately $32,000. Geneos Wealth Management Inc. lifted its stake in Snowflake by 822.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after acquiring an additional 148 shares in the last quarter. VitalStone Financial LLC bought a new stake in Snowflake in the 4th quarter valued at approximately $26,000. Finally, Accurate Wealth Management LLC bought a new stake in Snowflake in the 4th quarter valued at approximately $27,000. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James cut their price objective on Snowflake from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Thursday, March 2nd. Mizuho cut their price objective on Snowflake from $195.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, March 2nd. Wedbush began coverage on Snowflake in a report on Wednesday, December 14th. They set a “neutral” rating and a $144.00 price objective for the company. Guggenheim cut their price target on Snowflake to $105.00 in a report on Friday, December 2nd. Finally, Citigroup cut their price target on Snowflake from $225.00 to $202.00 and set a “buy” rating for the company in a report on Friday, March 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $187.75.

About Snowflake

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.