Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 1,712 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $306,448.00. Following the completion of the sale, the director now directly owns 205,965 shares in the company, valued at approximately $36,867,735. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Frank Slootman also recently made the following trade(s):
Shares of SNOW traded up $0.48 during midday trading on Wednesday, reaching $172.03. 5,469,799 shares of the stock were exchanged, compared to its average volume of 6,817,050. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company's 50 day moving average is $135.44 and its two-hundred day moving average is $129.15. The company has a market capitalization of $56.79 billion, a P/E ratio of -51.04 and a beta of 1.03. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72.
A number of hedge funds and other institutional investors have recently modified their holdings of SNOW. Modus Advisors LLC boosted its holdings in shares of Snowflake by 3.9% in the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company's stock valued at $286,000 after buying an additional 94 shares in the last quarter. Catalyst Private Wealth LLC grew its holdings in Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company's stock worth $382,000 after purchasing an additional 104 shares during the last quarter. LRI Investments LLC increased its position in shares of Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company's stock worth $25,000 after purchasing an additional 112 shares in the last quarter. Hoylecohen LLC lifted its holdings in shares of Snowflake by 2.7% during the 2nd quarter. Hoylecohen LLC now owns 4,357 shares of the company's stock valued at $589,000 after purchasing an additional 115 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in shares of Snowflake by 6.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company's stock worth $210,000 after purchasing an additional 115 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. StockNews.com lowered Snowflake from a "hold" rating to a "sell" rating in a research note on Thursday, November 28th. Royal Bank of Canada upped their target price on Snowflake from $175.00 to $188.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Morgan Stanley reissued an "equal weight" rating and set a $175.00 price objective on shares of Snowflake in a report on Thursday, August 22nd. Evercore ISI upped their target price on Snowflake from $170.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Scotiabank increased their target price on shares of Snowflake from $170.00 to $220.00 and gave the company a "sector outperform" rating in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $183.89.
Check Out Our Latest Research Report on SNOW
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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