Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 10,315 shares of Snowflake stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $275.10, for a total value of $2,837,656.50. Following the completion of the transaction, the director owned 28,535 shares of the company's stock, valued at approximately $7,849,978.50. The trade was a 26.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Frank Slootman also recently made the following trade(s):
- On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The stock was sold at an average price of $274.39, for a total value of $79,486,667.15.
- On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The stock was sold at an average price of $251.73, for a total value of $25,147,827.00.
- On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total value of $25,000.00.
- On Thursday, June 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $224.27, for a total value of $44,854,000.00.
- On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00.
- On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The stock was sold at an average price of $263.70, for a total transaction of $42,963,058.80.
- On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The stock was sold at an average price of $252.43, for a total transaction of $110,331,094.68.
- On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The shares were sold at an average price of $233.42, for a total transaction of $93,368,000.00.
- On Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The stock was sold at an average price of $176.52, for a total transaction of $9,770,382.00.
- On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The stock was sold at an average price of $175.45, for a total transaction of $25,378,842.50.
Snowflake Price Performance
SNOW opened at $269.83 on Wednesday. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The company's 50 day simple moving average is $243.29 and its 200-day simple moving average is $195.70. The stock has a market capitalization of $93.52 billion, a P/E ratio of -76.66 and a beta of 1.35.
Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.24 earnings per share. Snowflake's revenue for the quarter was up 33.5% compared to the same quarter last year. Sell-side analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently weighed in on SNOW. Jefferies Financial Group boosted their target price on Snowflake from $300.00 to $310.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Wells Fargo & Company raised their price target on Snowflake from $210.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Snowflake from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. HSBC set a $289.00 target price on shares of Snowflake and gave the company a "buy" rating in a research report on Friday, May 29th. Finally, Truist Financial boosted their price target on shares of Snowflake from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and an average price target of $296.27.
Read Our Latest Report on Snowflake
Institutional Trading of Snowflake
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company's stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares during the last quarter. Jennison Associates LLC lifted its stake in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Nuveen LLC grew its holdings in Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock worth $1,157,749,000 after purchasing an additional 116,521 shares during the period. Geode Capital Management LLC grew its holdings in Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock worth $1,052,195,000 after purchasing an additional 249,668 shares during the period. Finally, Norges Bank bought a new position in Snowflake during the fourth quarter worth about $974,091,000. Institutional investors and hedge funds own 65.10% of the company's stock.
About Snowflake
(
Get Free Report)
Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.
Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.
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