Snowflake (NYSE:SNOW) Price Target Raised to $210.00

Snowflake (NYSE:SNOW) had its price objective raised by equities research analysts at Wells Fargo & Company from $200.00 to $210.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 15.31% from the stock’s previous close.

Several other research firms have also commented on SNOW. Scotiabank increased their price objective on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Monness Crespi & Hardt increased their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Piper Sandler boosted their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.89.

Snowflake Trading Down 1.5 %

SNOW opened at $182.12 on Friday. Snowflake has a fifty-two week low of $107.13 and a fifty-two week high of $235.66. The firm has a market capitalization of $60.12 billion, a PE ratio of -53.82 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company’s 50-day moving average is $172.68 and its 200 day moving average is $143.31.

Insider Transactions at Snowflake

In other news, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the sale, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 59,617 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $176.25, for a total value of $10,507,496.25. Following the completion of the sale, the director now owns 208,735 shares in the company, valued at approximately $36,789,543.75. This represents a 22.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,345 shares of company stock valued at $67,286,835. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Snowflake

Several institutional investors have recently bought and sold shares of SNOW. Groupama Asset Managment purchased a new position in Snowflake in the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $29,000. West Paces Advisors Inc. acquired a new position in Snowflake during the fourth quarter worth $31,000. Spurstone Advisory Services LLC purchased a new stake in Snowflake in the 4th quarter valued at $31,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

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.