Christian Kleinerman Sells 558 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the transaction, the executive vice president now owns 690,647 shares of the company’s stock, valued at $123,625,813. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00.
• On Wednesday, November 6th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00.
• On Thursday, October 10th, Christian Kleinerman sold 30,000 shares of Snowflake stock. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00.
• On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $111.41, for a total value of $95,924.01.
• On Tuesday, September 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The stock was sold at an average price of $114.39, for a total value of $346,487.31.

Snowflake Price Performance

SNOW stock opened at $169.98 on Friday. The company has a market capitalization of $56.11 billion, a P/E ratio of -50.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The business has a 50-day simple moving average of $137.88 and a two-hundred day simple moving average of $129.73.

Analysts Set New Price Targets

SNOW has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price objective on Snowflake from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. DA Davidson reiterated a “buy” rating and issued a $175.00 price target on shares of Snowflake in a research note on Thursday, October 3rd. Barclays boosted their price target on Snowflake from $172.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Loop Capital cut their price target on Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.89.

Hedge Funds Weigh In On Snowflake

Several hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in Snowflake by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,081 shares of the company’s stock worth $551,000 after purchasing an additional 148 shares during the period. Wedmont Private Capital bought a new stake in shares of Snowflake during the 2nd quarter valued at about $453,000. Great Valley Advisor Group Inc. boosted its position in shares of Snowflake by 74.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,799 shares of the company’s stock valued at $1,594,000 after acquiring an additional 5,042 shares during the last quarter. ORG Partners LLC boosted its position in shares of Snowflake by 20,227.3% during the 2nd quarter. ORG Partners LLC now owns 2,236 shares of the company’s stock valued at $319,000 after acquiring an additional 2,225 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its position in shares of Snowflake by 21.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,359 shares of the company’s stock valued at $454,000 after acquiring an additional 596 shares during the last quarter. Institutional investors 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.