Key Points
- Christian Kleinerman, Snowflake EVP, sold 2,975 shares on Dec. 16 at an average price of $212.45 for $632,038.75, leaving him with 504,427 shares (a 0.59% reduction) valued at about $107.17 million.
- The Dec. 16 sale is part of a string of recent insider disposals by Kleinerman — including 10,000-share sales on Dec. 1 and Nov. 3 and multiple other trades — totaling several million dollars and indicating continued insider selling activity.
- Snowflake recently beat EPS and revenue expectations (EPS $0.35 vs. $0.31; revenue $1.21B, up 28.7% YoY) but still posts a negative net margin (~-30.8%) and ROE (~-45.9%); analysts rate the stock a "Moderate Buy" with an average target of $275.32.
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,975 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $212.45, for a total transaction of $632,038.75. Following the completion of the transaction, the executive vice president owned 504,427 shares in the company, valued at $107,165,516.15. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Christian Kleinerman also recently made the following trade(s):
- On Tuesday, December 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The shares were sold at an average price of $223.31, for a total transaction of $122,373.88.
- On Monday, December 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was 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 shares were 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 value 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 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.
Snowflake Stock Up 2.4%
SNOW stock opened at $220.45 on Wednesday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $75.44 billion, a P/E ratio of -54.57 and a beta of 1.09. The business's 50-day moving average price is $249.39 and its 200-day moving average price is $227.70.
Snowflake (NYSE:SNOW - Get Free Report) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $0.20 EPS. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.
Wall Street Analysts Forecast Growth
SNOW has been the topic of several recent analyst reports. Raymond James Financial set a $250.00 target price on shares of Snowflake in a research note on Monday. Citigroup decreased their price target on Snowflake from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, December 8th. Truist Financial upped their price objective on Snowflake from $235.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Evercore ISI increased their target price on Snowflake from $280.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, December 4th. Finally, Bank of America lifted their target price on Snowflake from $280.00 to $310.00 and gave the company a "buy" rating in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $275.32.
View Our Latest Analysis on SNOW
Institutional Investors Weigh In On Snowflake
A number of hedge funds have recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in Snowflake during the 2nd quarter valued at approximately $25,000. Avion Wealth boosted its position in shares of Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company's stock valued at $25,000 after acquiring an additional 49 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake in the third quarter valued at $25,000. Tripletail Wealth Management LLC bought a new stake in Snowflake in the third quarter worth $28,000. Finally, Rossby Financial LCC increased its position 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 purchasing an additional 127 shares during the last quarter. 65.10% of the stock is currently 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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