Key Points
- Christian Kleinerman sold 10,000 shares of Snowflake on Dec. 1 at an average price of $249.53 for $2.495M, leaving him with 512,450 shares (a 1.91% reduction); he has sold roughly 46,134 shares since September.
- Snowflake beat the latest quarter with $0.35 EPS vs. $0.31 expected and revenue of $1.21B (up 28.7% year‑over‑year), but the company still shows negative profitability (net margin -33.53% and ROE -42.98%).
- The stock opened at $265.34 (up ~2.2%), has a market cap of about $89.9B, and carries an average analyst target of roughly $270.31 with a consensus of mostly Buy/Moderate Buy ratings.
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the transaction, the executive vice president owned 512,450 shares of the company's stock, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Christian Kleinerman also recently made the following trade(s):
- On Monday, November 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $277.73, for a total transaction of $2,777,300.00.
- On Friday, October 31st, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00.
- On Wednesday, October 8th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $250.00, for a total value of $1,250,000.00.
- On Wednesday, October 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $223.88, for a total value of $2,238,800.00.
- On Tuesday, September 23rd, Christian Kleinerman sold 2,611 shares of Snowflake stock. The stock was sold at an average price of $230.48, for a total value of $601,783.28.
- On Tuesday, September 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The shares were sold at an average price of $221.24, for a total value of $658,189.00.
- On Tuesday, September 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The stock was sold at an average price of $223.86, for a total transaction of $122,675.28.
Snowflake Stock Up 2.2%
Snowflake stock opened at $265.34 on Thursday. The firm has a 50 day simple moving average of $250.99 and a 200 day simple moving average of $225.85. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The firm has a market capitalization of $89.90 billion, a price-to-earnings ratio of -63.94 and a beta of 1.09.
Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The business's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. On average, analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.
Institutional Trading of Snowflake
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH bought a new position in Snowflake in the second quarter valued at $25,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at about $25,000. Avion Wealth lifted its position in Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company's stock worth $25,000 after buying an additional 49 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in Snowflake in the third quarter worth approximately $28,000. Finally, Rossby Financial LCC boosted its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company's stock worth $29,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SNOW. Monness Crespi & Hardt lifted their target price on Snowflake from $245.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Wedbush raised their price objective on shares of Snowflake from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 20th. The Goldman Sachs Group upped their target price on shares of Snowflake from $230.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Citigroup reiterated a "market outperform" rating on shares of Snowflake in a research note on Thursday. Finally, Mizuho boosted their price target on shares of Snowflake from $260.00 to $285.00 and gave the company an "outperform" rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $270.31.
Check Out Our Latest Stock Report on SNOW
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
