Christian Kleinerman Sells 10,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $223.88, for a total value of $2,238,800.00. Following the sale, the executive vice president directly owned 532,450 shares in the company, valued at $119,204,906. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 stock was 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 stock was sold at an average price of $233.50, for a total value of $2,335,000.00.
• On Friday, August 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $216.00, for a total value of $2,160,000.00.

Snowflake Price Performance

Snowflake stock opened at $235.42 on Friday. The stock’s 50 day moving average is $215.94 and its 200 day moving average is $195.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $79.76 billion, a P/E ratio of -56.73 and a beta of 1.21. Snowflake Inc. has a one year low of $111.15 and a one year high of $249.99.

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

Institutional Investors Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the stock. Trust Co. of Toledo NA OH bought a new stake in Snowflake during the second quarter worth $25,000. Avion Wealth grew its holdings in Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares in the last quarter. Rossby Financial LCC grew its holdings in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 127 shares in the last quarter. Whittier Trust Co. grew its holdings in Snowflake by 149.1% during the second quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after buying an additional 82 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Snowflake by 417.2% during the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after buying an additional 121 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Snowflake from $235.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their target price on Snowflake from $225.00 to $255.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. The Goldman Sachs Group lifted their target price on Snowflake from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Cowen reiterated a “buy” rating on shares of Snowflake in a report on Thursday, August 28th. Finally, Jefferies Financial Group lifted their target price on Snowflake from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.53.

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.