Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 15,000 Shares of Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $137.14, for a total value of $2,057,100.00. Following the completion of the transaction, the executive vice president now owns 757,597 shares in the company, valued at approximately $103,896,852.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, May 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $161.15, for a total value of $241,725.00.
  • On Monday, April 15th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were 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 shares were sold at an average price of $161.94, for a total value of $242,910.00.

Snowflake Stock Down 2.0 %

SNOW stock opened at $134.25 on Thursday. The business has a 50 day moving average price of $154.43 and a two-hundred day moving average price of $179.30. The company has a market cap of $44.87 billion, a price-to-earnings ratio of -47.95 and a beta of 0.85. Snowflake Inc. has a twelve month low of $128.41 and a twelve month high of $237.72.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SNOW. Trexquant Investment LP boosted its stake in shares of Snowflake by 266.3% during the 4th quarter. Trexquant Investment LP now owns 10,499 shares of the company’s stock worth $2,089,000 after acquiring an additional 7,633 shares during the period. Congress Wealth Management LLC DE bought a new position in shares of Snowflake during the 4th quarter worth approximately $232,000. Rakuten Securities Inc. bought a new position in shares of Snowflake during the 4th quarter worth approximately $790,000. Sequoia Financial Advisors LLC boosted its stake in shares of Snowflake by 209.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,658 shares of the company’s stock worth $927,000 after acquiring an additional 3,152 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Snowflake during the 3rd quarter worth approximately $458,000. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several analyst reports. Bank of America cut their target price on Snowflake from $212.00 to $200.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. BNP Paribas raised Snowflake from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Thursday, May 2nd. Guggenheim raised Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Canaccord Genuity Group cut their target price on Snowflake from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $175.00 target price (down previously from $230.00) on shares of Snowflake in a research note on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $198.92.

Get Our Latest Stock Analysis on Snowflake

Snowflake Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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