Snowflake Stock – Frank Slootman Sells 31,546 Shares of Snowflake Inc. (NYSE:SNOW) Stock
Snowflake Inc. (NYSE:SNOW) CEO Frank Slootman sold 31,546 shares of Snowflake stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $231.85, for a total transaction of $7,313,940.10. Following the transaction, the chief executive officer now owns 68,057 shares of the company’s stock, valued at $15,779,015.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Frank Slootman also recently made the following trade(s):
- On Tuesday, April 20th, Frank Slootman sold 31,546 shares of Snowflake stock. The shares were sold at an average price of $224.78, for a total transaction of $7,090,909.88.
- On Friday, March 26th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $229.07, for a total transaction of $22,907,000.00.
- On Monday, March 22nd, Frank Slootman sold 31,546 shares of Snowflake stock. The stock was sold at an average price of $222.47, for a total transaction of $7,018,038.62.
Snowflake stock traded down $3.84 during midday trading on Tuesday, reaching $230.08. 101,127 shares of the stock were exchanged, compared to its average volume of 4,189,382. The company’s fifty day moving average is $224.48 and its 200-day moving average is $268.24. The firm has a market cap of $66.42 billion and a PE ratio of -60.35. Snowflake Inc. has a 52 week low of $184.71 and a 52 week high of $429.00.
Snowflake (NYSE:SNOW) last posted its earnings results on Tuesday, March 2nd. The company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.53). The company had revenue of $190.50 million for the quarter, compared to analyst estimates of $178.64 million. The business’s revenue for the quarter was up 117.2% on a year-over-year basis. As a group, analysts forecast that Snowflake Inc. will post -2.14 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. 180 Wealth Advisors LLC bought a new stake in Snowflake during the 1st quarter worth approximately $501,000. Kingsview Wealth Management LLC purchased a new position in Snowflake in the 1st quarter worth approximately $218,000. Principal Financial Group Inc. grew its stake in Snowflake by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,734 shares of the company’s stock worth $1,085,000 after buying an additional 287 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Snowflake by 78.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 18,700 shares of the company’s stock worth $4,288,000 after buying an additional 8,200 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in Snowflake in the 1st quarter worth approximately $1,485,000. 26.25% of the stock is currently owned by institutional investors and hedge funds.
SNOW has been the topic of several analyst reports. Mizuho cut their price target on shares of Snowflake from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, May 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Snowflake from a “hold” rating to a “buy” rating and boosted their price target for the stock from $270.00 to $300.00 in a report on Wednesday, March 10th. The Goldman Sachs Group upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $270.00 to $275.00 in a report on Thursday, May 20th. Evercore ISI began coverage on shares of Snowflake in a research report on Thursday, April 1st. They issued an “outperform” rating and a $311.00 price objective on the stock. Finally, Exane BNP Paribas began coverage on shares of Snowflake in a research report on Thursday, April 22nd. They issued a “neutral” rating and a $245.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $283.93.
Snowflake Company Profile
Snowflake Inc provides cloud-based data platform in the United States and internationally. The company’s platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.
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