Snowflake Inc. (NYSE:SNOW) Director Sells $1,148,094.00 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 6,714 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total transaction of $1,148,094.00. Following the sale, the director now owns 196,454 shares of the company’s stock, valued at $33,593,634. This represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction 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 value 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 shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76.

Snowflake Stock Up 1.0 %

Shares of NYSE:SNOW opened at $164.21 on Friday. 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 company has a market capitalization of $54.21 billion, a P/E ratio of -48.44 and a beta of 1.03. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The stock’s fifty day simple moving average is $142.93 and its 200-day simple moving average is $130.46.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNOW. Modus Advisors LLC grew its holdings in shares of Snowflake by 3.9% during the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after buying an additional 94 shares in the last quarter. Catalyst Private Wealth LLC boosted its position in Snowflake by 3.2% during the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares during the last quarter. LRI Investments LLC grew its stake in Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 112 shares during the period. Clear Creek Financial Management LLC raised its holdings in Snowflake by 6.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after acquiring an additional 115 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Snowflake by 16.2% during the 3rd quarter. Covestor Ltd now owns 827 shares of the company’s stock worth $95,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $185.00 price target on shares of Snowflake in a report on Tuesday. Wedbush upgraded Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Monday, November 25th. Bank of America upped their price target on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. HSBC upgraded shares of Snowflake from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $119.00 to $121.00 in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.46.

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.