Benoit Dageville Sells 12,272 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) insider Benoit Dageville sold 12,272 shares of the stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $250.00, for a total transaction of $3,068,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Benoit Dageville also recently made the following trade(s):

  • On Tuesday, April 27th, Benoit Dageville sold 61,364 shares of Snowflake stock. The shares were sold at an average price of $236.80, for a total transaction of $14,530,995.20.
  • On Monday, April 12th, Benoit Dageville sold 29,750 shares of Snowflake stock. The shares were sold at an average price of $228.97, for a total transaction of $6,811,857.50.
  • On Monday, April 5th, Benoit Dageville sold 28,506 shares of Snowflake stock. The shares were sold at an average price of $232.65, for a total transaction of $6,631,920.90.
  • On Monday, March 29th, Benoit Dageville sold 28,724 shares of Snowflake stock. The shares were sold at an average price of $226.63, for a total transaction of $6,509,720.12.
  • On Monday, March 22nd, Benoit Dageville sold 30,568 shares of Snowflake stock. The shares were sold at an average price of $222.46, for a total transaction of $6,800,157.28.

Shares of SNOW opened at $248.80 on Friday. Snowflake Inc. has a twelve month low of $184.71 and a twelve month high of $429.00. The firm has a fifty day moving average price of $229.07. The firm has a market cap of $71.83 billion and a price-to-earnings ratio of -65.47.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Tuesday, May 25th. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.35. Analysts anticipate that Snowflake Inc. will post -2.14 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SNOW. ICONIQ Capital LLC raised its holdings in shares of Snowflake by 272.4% in the 1st quarter. ICONIQ Capital LLC now owns 32,989,621 shares of the company’s stock valued at $7,563,861,000 after purchasing an additional 24,131,611 shares in the last quarter. Altimeter Capital Management LP raised its stake in Snowflake by 239.5% during the 1st quarter. Altimeter Capital Management LP now owns 32,221,080 shares of the company’s stock worth $7,387,649,000 after acquiring an additional 22,729,505 shares in the last quarter. Morgan Stanley raised its stake in Snowflake by 96.7% during the 1st quarter. Morgan Stanley now owns 12,747,746 shares of the company’s stock worth $2,922,804,000 after acquiring an additional 6,266,942 shares in the last quarter. Jennison Associates LLC raised its stake in Snowflake by 18,581.1% during the 4th quarter. Jennison Associates LLC now owns 3,652,340 shares of the company’s stock worth $1,027,768,000 after acquiring an additional 3,632,789 shares in the last quarter. Finally, SALESFORCE.COM Inc. raised its stake in Snowflake by 139.3% during the 1st quarter. SALESFORCE.COM Inc. now owns 4,985,061 shares of the company’s stock worth $1,142,975,000 after acquiring an additional 2,901,728 shares in the last quarter. Institutional investors and hedge funds own 61.22% of the company’s stock.

SNOW has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Snowflake from $265.00 to $270.00 and gave the company an “equal weight” rating in a research note on Thursday, March 4th. Canaccord Genuity lowered their price objective on shares of Snowflake from $275.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, May 27th. Credit Suisse Group lowered their price objective on shares of Snowflake from $310.00 to $275.00 and set a “neutral” rating for the company in a research report on Thursday, March 4th. Mizuho lowered their price objective on shares of Snowflake from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, May 13th. Finally, Barclays lowered their price objective on shares of Snowflake from $295.00 to $270.00 and set an “equal weight” rating for the company in a research report on Thursday, March 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. Snowflake currently has a consensus rating of “Hold” and an average target price of $281.18.

Snowflake Company Profile

Snowflake Inc provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.

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

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