Key Points
- Director Frank Slootman sold 1,993 shares on December 9 at an average price of $223.31 for a total of $445,056.83, leaving him with 150,456 shares (a 1.31% reduction, valued at about $33.6M).
- Quarterly results beat expectations with $0.35 EPS vs. $0.31 and $1.21B revenue (up 28.7% YoY), but the company remains unprofitable with a -30.76% net margin and -45.91% ROE.
- Wall Street sentiment is generally positive — the consensus rating is "Moderate Buy" with an average price target of $274.78 and multiple firms issuing Buy/Outperform calls (targets up to $300).
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 548 shares of the firm's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $223.31, for a total value of $122,373.88. Following the transaction, the executive vice president owned 510,435 shares of the company's stock, valued at $113,985,239.85. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Christian Kleinerman also recently made the following trade(s):
- On Monday, December 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00.
- 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 stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00.
- On Wednesday, October 8th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were 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 stock was 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 shares were 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.
Snowflake Price Performance
Shares of NYSE:SNOW opened at $216.75 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.48 and a current ratio of 1.37. The firm has a market cap of $73.43 billion, a price-to-earnings ratio of -53.59 and a beta of 1.09. The business has a 50-day simple moving average of $250.99 and a two-hundred day simple moving average of $227.12. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last announced 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 net margin of 30.76% and a negative return on equity of 45.91%. The business's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. On average, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.
Analysts Set New Price Targets
SNOW has been the topic of several research analyst reports. Oppenheimer reissued an "outperform" rating on shares of Snowflake in a report on Friday, November 21st. Robert W. Baird increased their target price on Snowflake from $260.00 to $270.00 and gave the company an "outperform" rating in a report on Thursday, December 4th. BTIG Research restated a "buy" rating and set a $312.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Needham & Company LLC reiterated a "buy" rating and issued a $280.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Finally, Macquarie boosted their target price on shares of Snowflake from $235.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus price target of $274.78.
Check Out Our Latest Stock Analysis on SNOW
Institutional Trading of Snowflake
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in Snowflake in the 2nd quarter worth $3,900,134,000. Norges Bank bought a new stake in shares of Snowflake during the second quarter valued at approximately $944,895,000. Winslow Capital Management LLC bought a new position in shares of Snowflake during the second quarter worth $725,667,000. AQR Capital Management LLC grew its stake in Snowflake by 346.2% during the first quarter. AQR Capital Management LLC now owns 3,171,635 shares of the company's stock valued at $456,430,000 after acquiring an additional 2,460,769 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in Snowflake in the 3rd quarter valued at $441,277,000. 65.10% of the stock is owned by hedge funds and other institutional investors.
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.
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