Shares of Snowflake Inc. (NYSE:SNOW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-nine research firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $205.08.
Several analysts have commented on SNOW shares. Loop Capital increased their price target on shares of Snowflake from $205.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Citigroup increased their target price on shares of Snowflake from $225.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, February 27th. Truist Financial reiterated a "buy" rating and set a $225.00 price objective (up previously from $210.00) on shares of Snowflake in a report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on Snowflake from $187.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th.
Get Our Latest Research Report on SNOW
Snowflake Stock Down 4.1 %
SNOW stock traded down $6.38 during trading on Tuesday, reaching $150.60. 4,647,822 shares of the company traded hands, compared to its average volume of 6,396,632. The business has a 50 day simple moving average of $172.39 and a 200 day simple moving average of $150.74. Snowflake has a 12 month low of $107.13 and a 12 month high of $194.40. 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 company has a market capitalization of $49.71 billion, a price-to-earnings ratio of -44.42 and a beta of 1.07.
Insider Activity at Snowflake
In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % 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. Also, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 603,968 shares of company stock worth $99,863,550. 7.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Snowflake
A number of hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Snowflake by 126.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,372 shares of the company's stock worth $2,570,000 after buying an additional 12,492 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Snowflake in the 3rd quarter valued at approximately $293,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Snowflake in the 3rd quarter valued at $11,252,000. Charles Schwab Investment Management Inc. lifted its position in shares of Snowflake by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company's stock worth $143,289,000 after purchasing an additional 36,704 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in shares of Snowflake by 27.2% during the third quarter. Great Valley Advisor Group Inc. now owns 15,005 shares of the company's stock worth $1,724,000 after purchasing an additional 3,206 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.
About Snowflake
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Get Free ReportSnowflake 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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