Insider Selling: Snowflake Inc. (NYSE:SNOW) Director Sells 403 Shares of Stock

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the transaction, the director now directly owns 26,375 shares of the company's stock, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Snowflake Price Performance

Shares of SNOW traded up $0.39 during mid-day trading on Friday, hitting $144.84. 4,084,734 shares of the company traded hands, compared to its average volume of 6,444,161. 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 stock has a market capitalization of $47.81 billion, a price-to-earnings ratio of -42.72 and a beta of 1.13. The business has a 50-day moving average of $163.16 and a 200 day moving average of $153.53. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after buying an additional 7,239 shares during the period. Prospect Financial Services LLC bought a new position in Snowflake in the fourth quarter valued at approximately $288,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock worth $104,028,000 after acquiring an additional 8,857 shares during the period. Bourgeon Capital Management LLC bought a new stake in shares of Snowflake during the 4th quarter valued at $5,851,000. Finally, Stephens Consulting LLC lifted its stake in shares of Snowflake by 7,407.4% in the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock valued at $313,000 after purchasing an additional 2,000 shares during the period. 65.10% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Thursday, February 20th. Oppenheimer upped their price target on shares of Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Cantor Fitzgerald reissued an "overweight" rating and set a $183.00 price objective on shares of Snowflake in a report on Wednesday, April 2nd. Loop Capital upped their target price on shares of Snowflake from $205.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Daiwa Capital Markets began coverage on shares of Snowflake in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.84.

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.