Snowflake Inc. (NYSE:SNOW – Get Free Report) SVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $166.00, for a total value of $249,000.00. Following the completion of the transaction, the senior vice president now owns 661,789 shares of the company’s stock, valued at $109,856,974. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Christian Kleinerman also recently made the following trade(s):
- On Monday, August 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $151.54, for a total value of $227,310.00.
- On Friday, July 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $184.94, for a total value of $277,410.00.
Snowflake Stock Down 0.3 %
Snowflake stock opened at $162.41 on Monday. The company’s fifty day simple moving average is $163.92 and its 200-day simple moving average is $159.73. Snowflake Inc. has a 12 month low of $119.27 and a 12 month high of $193.94. The stock has a market cap of $53.55 billion, a P/E ratio of -61.06 and a beta of 0.78.
Hedge Funds Weigh In On Snowflake
Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Snowflake by 48,395.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,467,899 shares of the company’s stock valued at $786,261,000 after purchasing an additional 4,458,686 shares during the last quarter. Norges Bank acquired a new stake in shares of Snowflake in the 4th quarter valued at $477,435,000. GQG Partners LLC acquired a new stake in shares of Snowflake in the 1st quarter valued at $311,427,000. Jennison Associates LLC lifted its stake in shares of Snowflake by 19.5% in the 2nd quarter. Jennison Associates LLC now owns 7,399,711 shares of the company’s stock valued at $1,302,201,000 after purchasing an additional 1,206,014 shares during the last quarter. Finally, Fred Alger Management LLC acquired a new stake in shares of Snowflake in the 4th quarter valued at $119,432,000. 63.74% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SNOW. JPMorgan Chase & Co. lifted their price target on Snowflake from $155.00 to $180.00 in a report on Wednesday, June 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $216.00 price target on shares of Snowflake in a report on Tuesday, September 5th. UBS Group cut their price target on Snowflake from $170.00 to $155.00 in a report on Thursday, May 25th. HSBC assumed coverage on Snowflake in a report on Friday. They set a “buy” rating and a $201.00 target price on the stock. Finally, BNP Paribas raised Snowflake from an “underperform” rating to a “neutral” rating and set a $173.00 target price on the stock in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $190.85.
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.
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