Snowflake Inc. (NYSE:SNOW) EVP Sells $234,570.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the sale, the executive vice president now owns 774,097 shares of the company’s stock, valued at $121,053,288.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $161.94, for a total value of $242,910.00.
• On Wednesday, February 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $230.00, for a total value of $345,000.00.
• On Friday, February 9th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $230.00, for a total value of $2,300,000.00.
• On Monday, February 5th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00.
• On Wednesday, January 24th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $210.00, for a total value of $2,100,000.00.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $148.45 on Friday. The firm’s 50 day moving average is $179.56 and its two-hundred day moving average is $179.04. Snowflake Inc. has a 52 week low of $135.26 and a 52 week high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. The company had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. On average, sell-side analysts predict that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James increased their price target on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Evercore ISI decreased their price objective on shares of Snowflake from $250.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. HSBC reissued a “reduce” rating on shares of Snowflake in a research report on Thursday, February 29th. Mizuho reissued a “buy” rating and issued a $205.00 price objective (down from $255.00) on shares of Snowflake in a research report on Thursday, February 29th. Finally, Barclays decreased their price objective on shares of Snowflake from $198.00 to $188.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC increased its stake in shares of Snowflake by 5.7% during the first quarter. SeaCrest Wealth Management LLC now owns 8,998 shares of the company’s stock valued at $1,454,000 after acquiring an additional 487 shares during the period. Quattro Financial Advisors LLC boosted its holdings in Snowflake by 2,412.6% during the first quarter. Quattro Financial Advisors LLC now owns 5,000 shares of the company’s stock worth $808,000 after buying an additional 4,801 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Snowflake by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the company’s stock worth $279,000 after purchasing an additional 170 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Snowflake in the 1st quarter worth approximately $171,608,000. Finally, Aviance Capital Partners LLC acquired a new stake in shares of Snowflake during the 1st quarter valued at $1,050,000. Institutional investors and hedge funds own 65.10% 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, as well as applies artificial intelligence (AI) for solving business problems.