Snowflake Inc. (NYSE:SNOW) Director Frank Slootman Sells 127,247 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the sale, the director now owns 195,281 shares of the company’s stock, valued at approximately $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Frank Slootman also recently made the following trade(s):

• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00.
• On Tuesday, December 17th, Frank Slootman sold 6,714 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total value of $1,148,094.00.
• On Tuesday, December 10th, Frank Slootman sold 1,712 shares of Snowflake stock. The shares were sold at an average price of $179.00, for a total value of $306,448.00.
• On Tuesday, December 3rd, Frank Slootman sold 2,218 shares of Snowflake stock. The shares were sold at an average price of $175.00, for a total value of $388,150.00.
• On Friday, November 29th, Frank Slootman sold 59,617 shares of Snowflake stock. The stock was sold at an average price of $176.25, for a total transaction of $10,507,496.25.
• On Tuesday, November 26th, Frank Slootman sold 20,514 shares of Snowflake stock. The shares were sold at an average price of $175.26, for a total transaction of $3,595,283.64.
• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76.

Snowflake Price Performance

Snowflake stock opened at $174.05 on Friday. The business has a 50 day simple moving average of $165.83 and a 200-day simple moving average of $136.13. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $57.45 billion, a PE ratio of -51.34 and a beta of 1.05.

Hedge Funds Weigh In On Snowflake

A number of large investors have recently bought and sold shares of SNOW. Calamos Wealth Management LLC raised its holdings in Snowflake by 2.0% during the fourth quarter. Calamos Wealth Management LLC now owns 72,612 shares of the company’s stock worth $11,212,000 after purchasing an additional 1,436 shares in the last quarter. Calamos Advisors LLC increased its position in Snowflake by 1,169.6% during the 4th quarter. Calamos Advisors LLC now owns 100,985 shares of the company’s stock worth $15,593,000 after purchasing an additional 93,031 shares during the period. Jennison Associates LLC raised its stake in shares of Snowflake by 92.2% during the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after buying an additional 3,662,671 shares in the last quarter. Chicago Capital LLC lifted its holdings in shares of Snowflake by 12.3% in the 4th quarter. Chicago Capital LLC now owns 6,817 shares of the company’s stock valued at $1,053,000 after buying an additional 744 shares during the period. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Snowflake in the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent research reports. Loop Capital upped their price objective on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $150.00 to $200.00 in a research report on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of Snowflake in a research report on Tuesday, November 19th. Wedbush raised shares of Snowflake from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, JMP Securities reiterated a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $188.06.

Snowflake Company Profile

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.