Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 5,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 5,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the transaction, the executive vice president directly owned 38,568 shares of the company’s stock, valued at $10,606,200. The trade was a 11.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $277.73, for a total value of $2,777,300.00.
• On Wednesday, October 8th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total value of $1,250,000.00.
• On Wednesday, October 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $223.88, for a total value of $2,238,800.00.
• On Tuesday, September 23rd, Christian Kleinerman sold 2,611 shares of Snowflake stock. The shares were sold at an average price of $230.48, for a total value of $601,783.28.
• On Tuesday, September 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The shares were sold at an average price of $221.24, for a total value of $658,189.00.
• On Tuesday, September 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The shares were sold at an average price of $223.86, for a total value of $122,675.28.
• On Tuesday, September 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $233.50, for a total value of $2,335,000.00.

Snowflake Price Performance

NYSE:SNOW opened at $265.59 on Wednesday. Snowflake Inc. has a one year low of $113.65 and a one year high of $280.67. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $89.98 billion, a PE ratio of -64.00 and a beta of 1.23. The stock has a 50 day moving average price of $238.30 and a 200 day moving average price of $212.94.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 31.8% on a year-over-year basis. Equities research analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Snowflake by 2.2% in the second quarter. Vanguard Group Inc. now owns 27,789,761 shares of the company’s stock valued at $6,218,515,000 after buying an additional 595,553 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Snowflake in the second quarter valued at $3,900,134,000. Jennison Associates LLC grew its stake in shares of Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after buying an additional 1,083,222 shares in the last quarter. State Street Corp grew its stake in shares of Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after buying an additional 94,293 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of Snowflake by 15.2% in the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after buying an additional 652,485 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SNOW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Snowflake in a research report on Friday, October 17th. Stifel Nicolaus increased their price objective on Snowflake from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Needham & Company LLC increased their price objective on Snowflake from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Barclays increased their price objective on Snowflake from $219.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $258.95.

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.