Analysts at Daiwa Capital Markets assumed coverage on shares of Snowflake (NYSE:SNOW - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $210.00 price target on the stock. Daiwa Capital Markets' price target would indicate a potential upside of 36.16% from the stock's current price.
Other analysts have also recently issued research reports about the company. Wedbush set a $210.00 price target on Snowflake in a research report on Wednesday, January 22nd. KeyCorp boosted their target price on shares of Snowflake from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Piper Sandler lifted their price objective on Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Oppenheimer increased their price objective on Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Mizuho boosted their target price on shares of Snowflake from $195.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Ten investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $203.05.
View Our Latest Stock Report on SNOW
Snowflake Stock Up 3.1 %
NYSE SNOW traded up $4.69 during trading on Tuesday, reaching $154.23. The company's stock had a trading volume of 5,960,858 shares, compared to its average volume of 6,380,442. 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 $50.91 billion, a PE ratio of -45.50 and a beta of 1.07. Snowflake has a 1-year low of $107.13 and a 1-year high of $194.40. The business has a 50-day moving average price of $170.55 and a 200-day moving average price of $152.08.
Insider Buying and Selling at Snowflake
In related news, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 503,968 shares of company stock valued at $84,363,550. 7.80% of the stock is currently owned by company insiders.
Institutional Trading of Snowflake
Several hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its stake in Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after purchasing an additional 7,239 shares during the period. Prospect Financial Services LLC bought a new stake in Snowflake in the 4th quarter valued at approximately $288,000. Sumitomo Mitsui Trust Group Inc. boosted its position 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 last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $5,851,000. Finally, Stephens Consulting LLC grew its position in Snowflake by 7,407.4% in the fourth 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 in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.
About Snowflake
(
Get Free Report)
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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