Insider Selling: Snowflake Inc. (NYSE:SNOW) EVP Sells 1,500 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at $121,053,288.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, March 18th, Christian Kleinerman sold 12,636 shares of Snowflake stock. The stock was sold at an average price of $157.32, for a total value of $1,987,895.52.
• On Thursday, March 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $161.94, for a total value of $242,910.00.
• On Wednesday, February 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $230.00, for a total value of $345,000.00.
• On Friday, February 9th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $230.00, for a total value of $2,300,000.00.
• On Monday, February 5th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00.
• On Wednesday, January 24th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $210.00, for a total value of $2,100,000.00.

Snowflake Price Performance

NYSE:SNOW traded down $1.50 during trading hours on Wednesday, reaching $148.80. 3,759,043 shares of the company traded hands, compared to its average volume of 6,717,739. The firm’s 50-day moving average is $182.44 and its 200-day moving average is $179.47. The stock has a market cap of $49.73 billion, a P/E ratio of -58.35 and a beta of 0.91. Snowflake Inc. has a 1-year low of $135.26 and a 1-year high of $237.72.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. As a group, research analysts predict that Snowflake Inc. will post -1.92 earnings per share for the current year.

Institutional Investors Weigh In On Snowflake

Large investors have recently bought and sold shares of the stock. Accent Capital Management LLC acquired a new stake in shares of Snowflake during the fourth quarter worth $25,000. Mango Five Family Inc. acquired a new stake in shares of Snowflake during the fourth quarter worth $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Snowflake by 333.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Snowflake by 822.2% during the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock worth $38,000 after purchasing an additional 148 shares during the last quarter. Finally, Ulland Investment Advisors LLC boosted its holdings in shares of Snowflake by 270.0% during the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SNOW. Monness Crespi & Hardt raised Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Macquarie raised Snowflake from a “neutral” rating to an “outperform” rating and upped their target price for the company from $182.00 to $205.00 in a research report on Thursday, February 29th. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Rosenblatt Securities raised Snowflake from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Friday, April 5th. Finally, Wedbush upped their price objective on Snowflake from $144.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

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.