Frank Slootman Sells 2,218 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 2,218 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $175.00, for a total value of $388,150.00. Following the transaction, the director now owns 208,735 shares of the company’s stock, valued at $36,528,625. This represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frank Slootman also recently made the following trade(s):

• On Friday, November 29th, Frank Slootman sold 59,617 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total transaction of $10,507,496.25.
• On Tuesday, November 26th, Frank Slootman sold 20,514 shares of Snowflake stock. The shares were sold at an average price of $175.26, for a total transaction of $3,595,283.64.
• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76.
• On Tuesday, September 17th, Frank Slootman sold 6,251 shares of Snowflake stock. The shares were sold at an average price of $114.39, for a total transaction of $715,051.89.
• On Tuesday, September 10th, Frank Slootman sold 1,606 shares of Snowflake stock. The shares were sold at an average price of $109.96, for a total value of $176,595.76.

Snowflake Stock Down 1.9 %

Shares of SNOW stock opened at $183.02 on Friday. The stock’s fifty day moving average price is $131.51 and its 200 day moving average price is $129.20. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The company has a market cap of $61.35 billion, a price-to-earnings ratio of -53.99 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.58.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently modified their holdings of SNOW. Oddo BHF Asset Management Sas acquired a new stake in Snowflake in the 3rd quarter worth approximately $12,145,000. Garde Capital Inc. lifted its stake in shares of Snowflake by 9.5% during the third quarter. Garde Capital Inc. now owns 6,050 shares of the company’s stock worth $695,000 after buying an additional 526 shares during the period. Franklin Resources Inc. grew its holdings in shares of Snowflake by 1.4% during the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after buying an additional 7,373 shares during the last quarter. Synovus Financial Corp increased its position in shares of Snowflake by 28.6% in the 3rd quarter. Synovus Financial Corp now owns 6,077 shares of the company’s stock valued at $698,000 after acquiring an additional 1,352 shares during the period. Finally, Blankinship & Foster LLC purchased a new position in Snowflake in the 3rd quarter worth $896,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of several recent research reports. Mizuho increased their price target on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. HSBC raised shares of Snowflake from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $119.00 to $121.00 in a research note on Friday, August 23rd. Stifel Nicolaus reduced their price objective on shares of Snowflake from $200.00 to $168.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group upped their target price on Snowflake from $145.00 to $180.00 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 issued a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.80.

About Snowflake

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.