Insider Selling: Snowflake Inc. (NYSE:SNOW) Director Sells 127,247 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the sale, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00.
• On Tuesday, December 17th, Frank Slootman sold 6,714 shares of Snowflake stock. The shares were sold at an average price of $171.00, for a total transaction of $1,148,094.00.
• On Tuesday, December 10th, Frank Slootman sold 1,712 shares of Snowflake stock. The shares were sold at an average price of $179.00, for a total value of $306,448.00.
• On Tuesday, December 3rd, Frank Slootman sold 2,218 shares of Snowflake stock. The stock was sold at an average price of $175.00, for a total value of $388,150.00.
• 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 stock was 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.

Snowflake Stock Down 0.5 %

SNOW stock opened at $174.05 on Friday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $57.45 billion, a P/E ratio of -51.34 and a beta of 1.05. The company’s 50-day moving average price is $164.87 and its 200 day moving average price is $135.90.

Analysts Set New Price Targets

Several research firms have recently issued reports on SNOW. Scotiabank upped their price objective on Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. DA Davidson reissued a “buy” rating and set a $175.00 price objective on shares of Snowflake in a report on Thursday, October 3rd. TD Cowen upped their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Snowflake in a research note on Friday, January 17th. They set an “overweight” rating and a $201.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.06.

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of SNOW. Groupama Asset Managment acquired a new position in Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new position in shares of Snowflake during the 3rd quarter worth $30,000. Fortitude Family Office LLC purchased a new stake in shares of Snowflake in the 3rd quarter worth about $34,000. Perkins Coie Trust Co grew its stake in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Snowflake during the 4th quarter valued at about $38,000. Institutional investors and hedge funds 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.