Snowflake (NYSE:SNOW) Price Target Raised to $200.00

Snowflake (NYSE:SNOW - Free Report) had its price target upped by Oppenheimer from $180.00 to $200.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on SNOW. Citigroup dropped their price target on shares of Snowflake from $200.00 to $183.00 and set a "buy" rating for the company in a research note on Monday, November 18th. Piper Sandler upped their price objective on Snowflake from $185.00 to $208.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Bank of America raised their target price on Snowflake from $160.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, November 21st. Wedbush lowered Snowflake from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, Scotiabank increased their price target on Snowflake from $170.00 to $220.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and a consensus price target of $187.69.

Snowflake Trading Down 0.1 %

Shares of NYSE SNOW traded down $0.10 during trading on Monday, hitting $162.36. 4,392,152 shares of the company were exchanged, compared to its average volume of 4,747,759. The company has a fifty day moving average price of $157.39 and a 200-day moving average price of $134.18. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $53.60 billion, a PE ratio of -47.89 and a beta of 1.05. Snowflake has a 12-month low of $107.13 and a 12-month high of $237.72.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the transaction, the director now directly owns 195,281 shares in the company, valued at $30,268,555. This trade represents a 33.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the transaction, the executive now owns 311,999 shares of the company's stock, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 376,904 shares of company stock worth $62,545,855. Corporate insiders own 7.80% of the company's stock.

Institutional Trading of Snowflake

Several hedge funds have recently modified their holdings of SNOW. Groupama Asset Managment acquired a new position in Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC purchased a new position in shares of Snowflake in the third quarter valued at $30,000. Fortitude Family Office LLC acquired a new position in shares of Snowflake during the 3rd quarter worth $34,000. Larson Financial Group LLC boosted its position in shares of Snowflake by 81.3% in the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company's stock worth $39,000 after buying an additional 152 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Snowflake in the 3rd quarter valued at about $40,000. 65.10% of the stock is owned by institutional investors and hedge funds.

About Snowflake

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.