Snowflake Inc. (NYSE:SNOW) Insider Benoit Dageville Sells 13,740 Shares

Snowflake Inc. (NYSE:SNOW) insider Benoit Dageville sold 13,740 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $166.27, for a total value of $2,284,549.80. Following the transaction, the insider now owns 40,847 shares in the company, valued at approximately $6,791,630.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Benoit Dageville also recently made the following trade(s):

• On Thursday, August 10th, Benoit Dageville sold 13,182 shares of Snowflake stock. The shares were sold at an average price of $155.41, for a total transaction of $2,048,614.62.
• On Thursday, July 13th, Benoit Dageville sold 6,591 shares of Snowflake stock. The shares were sold at an average price of $180.00, for a total transaction of $1,186,380.00.
• On Monday, July 10th, Benoit Dageville sold 13,182 shares of Snowflake stock. The stock was sold at an average price of $166.53, for a total transaction of $2,195,198.46.
• On Wednesday, June 14th, Benoit Dageville sold 6,591 shares of Snowflake stock. The shares were sold at an average price of $180.00, for a total value of $1,186,380.00.

Snowflake Price Performance

Shares of SNOW opened at $166.79 on Wednesday. The business has a 50-day moving average of $164.62 and a 200-day moving average of $159.41. The company has a market capitalization of $54.36 billion, a price-to-earnings ratio of -62.70 and a beta of 0.78. Snowflake Inc. has a 1 year low of $119.27 and a 1 year high of $203.62.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.12. Snowflake had a negative net margin of 35.22% and a negative return on equity of 14.07%. The firm had revenue of $674.00 million during the quarter, compared to analyst estimates of $662.22 million. During the same quarter last year, the business earned ($0.67) EPS. The company’s revenue was up 35.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Snowflake Inc. will post -1.62 EPS for the current year.

Wall Street Analyst Weigh In

SNOW has been the topic of several analyst reports. JMP Securities reduced their target price on Snowflake from $215.00 to $200.00 in a report on Thursday, May 25th. Sanford C. Bernstein decreased their target price on shares of Snowflake from $157.00 to $148.00 in a report on Friday, May 26th. Piper Sandler dropped their target price on shares of Snowflake from $210.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, August 24th. BNP Paribas upgraded shares of Snowflake from an “underperform” rating to a “neutral” rating and set a $173.00 price target on the stock in a research report on Wednesday, July 19th. Finally, Mizuho lowered their price objective on shares of Snowflake from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.55.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Snowflake by 79.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,293 shares of the company’s stock worth $984,000 after acquiring an additional 1,897 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Snowflake in the first quarter worth approximately $2,880,000. Panagora Asset Management Inc. lifted its stake in Snowflake by 24.8% in the first quarter. Panagora Asset Management Inc. now owns 2,718 shares of the company’s stock valued at $623,000 after buying an additional 540 shares during the period. Raymond James Trust N.A. acquired a new position in Snowflake in the first quarter valued at approximately $362,000. Finally, Cibc World Market Inc. boosted its holdings in shares of Snowflake by 37.2% during the 1st quarter. Cibc World Market Inc. now owns 13,959 shares of the company’s stock worth $3,198,000 after buying an additional 3,783 shares in the last quarter. Institutional investors and hedge funds own 63.74% of the company’s stock.

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.