Snowflake (NYSE:SNOW) Price Target Raised to $230.00 at Monness Crespi & Hardt

Snowflake (NYSE:SNOW) had its price objective raised by equities research analysts at Monness Crespi & Hardt from $188.00 to $230.00 in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target would suggest a potential upside of 38.39% from the company’s current price.

A number of other brokerages have also issued reports on SNOW. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group upped their price objective on shares of Snowflake from $155.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a research report on Tuesday, December 3rd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $210.00 target price on shares of Snowflake in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.32.

Snowflake Trading Up 1.2 %

Shares of SNOW opened at $166.20 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake has a 12-month low of $107.13 and a 12-month high of $235.66. The firm has a 50-day moving average price of $172.79 and a 200 day moving average price of $144.94. The firm has a market capitalization of $54.86 billion, a P/E ratio of -49.03 and a beta of 1.07.

Insider Activity at Snowflake

In other Snowflake news, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares in the company, valued at approximately $7,303,489.20. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 59,617 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was 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 of the company’s stock, valued at $36,789,543.75. This represents a 22.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 371,810 shares of company stock worth $63,340,544 in the last 90 days. 7.80% of the stock is owned by company insiders.

Institutional Trading of Snowflake

A number of hedge funds have recently modified their holdings of SNOW. Groupama Asset Managment bought a new position in shares of Snowflake during the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $29,000. West Paces Advisors Inc. bought a new position in shares of Snowflake during the 4th quarter worth approximately $31,000. Spurstone Advisory Services LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $31,000. Institutional investors own 65.10% of the company’s stock.

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.