Brokerages Set Snowflake Inc. (NYSE:SNOW) PT at $201.76

Snowflake Inc. (NYSE:SNOW - Get Free Report) has been assigned an average rating of "Moderate Buy" from the forty-one research firms that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $201.76.

Several research analysts have recently commented on the company. Loop Capital boosted their price objective on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $183.00 target price on shares of Snowflake in a research report on Wednesday, April 2nd. Wedbush set a $210.00 price target on Snowflake in a research report on Wednesday, January 22nd. UBS Group upped their price objective on Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities raised their price objective on Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th.

Snowflake Price Performance

NYSE SNOW traded down $2.74 on Friday, hitting $143.34. The stock had a trading volume of 2,483,780 shares, compared to its average volume of 6,427,039. The firm has a 50-day moving average of $159.07 and a 200-day moving average of $154.66. The company has a market capitalization of $47.32 billion, a price-to-earnings ratio of -42.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake has a 52-week low of $107.13 and a 52-week high of $194.40.

Insider Buying and Selling

In other news, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,589 shares of company stock worth $82,405,796. 7.80% of the stock is owned by insiders.

Institutional Trading of Snowflake

Institutional investors have recently bought and sold shares of the stock. Asset Dedication LLC raised its holdings in shares of Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after buying an additional 59 shares during the period. Quarry LP grew its stake in Snowflake by 9.8% in the 4th quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after acquiring an additional 59 shares in the last quarter. Breakwater Capital Group increased its holdings in Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after purchasing an additional 62 shares during the period. Gabelli Funds LLC lifted its stake in Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after acquiring an additional 65 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock valued at $2,077,000 after buying an additional 69 shares during the period. 65.10% of the stock is currently owned by institutional investors.

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.