Snowflake Inc. (NYSE:SNOW) Director Frank Slootman Sells 1,712 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 1,712 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $306,448.00. Following the completion of the transaction, the director now directly owns 205,965 shares in the company, valued at approximately $36,867,735. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 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 value 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 value of $715,051.89.

Snowflake Stock Performance

Shares of SNOW stock opened at $167.58 on Friday. The company’s 50 day moving average is $138.94 and its 200 day moving average is $129.81. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $55.32 billion, a price-to-earnings ratio of -49.43 and a beta of 1.03. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SNOW. StockNews.com cut Snowflake from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Mizuho upped their price target on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price objective on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Stifel Nicolaus decreased their target price 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. Finally, Wells Fargo & Company lifted their price target on Snowflake from $125.00 to $150.00 and gave the stock an “equal weight” rating in a research report 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 issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.89.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SNOW. LRI Investments LLC boosted its position in Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Snowflake in the 3rd quarter valued at about $25,000. Wellington Shields Capital Management LLC purchased a new position in shares of Snowflake in the 2nd quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new position in shares of Snowflake during the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC purchased a new stake in Snowflake during the third quarter valued at approximately $34,000. 65.10% of the stock is owned by institutional investors.

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.