Christian Kleinerman Sells 15,000 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $142.98, for a total value of $2,144,700.00. Following the transaction, the executive vice president now directly owns 733,773 shares of the company’s stock, valued at $104,914,863.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, June 20th, Christian Kleinerman sold 1,535 shares of Snowflake stock. The shares were sold at an average price of $125.93, for a total value of $193,302.55.
  • On Tuesday, June 11th, Christian Kleinerman sold 546 shares of Snowflake stock. The shares were sold at an average price of $129.32, for a total value of $70,608.72.
  • On Tuesday, June 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $137.14, for a total transaction of $2,057,100.00.
  • On Tuesday, May 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $161.15, for a total transaction of $241,725.00.
  • On Monday, April 15th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $156.38, for a total transaction of $234,570.00.

Snowflake Stock Down 1.3 %

SNOW stock traded down $1.81 during midday trading on Monday, hitting $141.21. The company’s stock had a trading volume of 4,471,118 shares, compared to its average volume of 6,617,524. The stock has a market cap of $47.28 billion, a price-to-earnings ratio of -50.65 and a beta of 0.85. The stock’s 50-day moving average price is $144.72 and its 200 day moving average price is $171.10. Snowflake Inc. has a 1 year low of $122.60 and a 1 year high of $237.72.

Snowflake (NYSE:SNOWGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. The company had revenue of $828.71 million during the quarter, compared to analysts’ expectations of $786.95 million. As a group, equities analysts forecast that Snowflake Inc. will post -2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating and set a $220.00 price target on shares of Snowflake in a report on Thursday, May 23rd. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Stifel Nicolaus cut their price target on Snowflake from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price objective on shares of Snowflake in a research report on Thursday, June 6th. Finally, Monness Crespi & Hardt upgraded shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.46.

Get Our Latest Research Report on Snowflake

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SNOW. Ameriprise Financial Inc. increased its position in Snowflake by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 557,538 shares of the company’s stock worth $84,943,000 after buying an additional 7,416 shares during the last quarter. Scotia Capital Inc. raised its stake in Snowflake by 1.1% in the 3rd quarter. Scotia Capital Inc. now owns 6,444 shares of the company’s stock valued at $985,000 after acquiring an additional 69 shares during the period. Schroder Investment Management Group lifted its holdings in Snowflake by 17.8% during the third quarter. Schroder Investment Management Group now owns 92,124 shares of the company’s stock valued at $14,074,000 after purchasing an additional 13,896 shares during the last quarter. Toroso Investments LLC boosted its position in Snowflake by 3.2% during the third quarter. Toroso Investments LLC now owns 9,320 shares of the company’s stock worth $1,424,000 after purchasing an additional 291 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Snowflake by 9.0% in the third quarter. Harbour Investments Inc. now owns 3,194 shares of the company’s stock worth $488,000 after purchasing an additional 265 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

About Snowflake

(Get Free Report)

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.

Further Reading

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

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