Snowflake (NYSE:SNOW) Given New $220.00 Price Target at KeyCorp

Snowflake (NYSE:SNOW) had its price target increased by KeyCorp from $210.00 to $220.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

SNOW has been the subject of several other research reports. Mizuho raised their price target on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Wedbush set a $210.00 target price on Snowflake in a report on Wednesday, January 22nd. Loop Capital boosted their price target on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their price objective on Snowflake from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Piper Sandler boosted their target price on Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.92.

Snowflake Stock Up 4.6 %

NYSE:SNOW opened at $173.78 on Thursday. 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 firm has a market cap of $57.36 billion, a P/E ratio of -51.26 and a beta of 1.07. Snowflake has a fifty-two week low of $107.13 and a fifty-two week high of $233.88. The firm has a 50-day simple moving average of $172.98 and a two-hundred day simple moving average of $145.14.

Insider Activity

In related news, Director Frank Slootman sold 2,218 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $175.00, for a total transaction of $388,150.00. Following the completion of the transaction, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,528,625. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Emily Ho sold 1,508 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction 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. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 312,193 shares of company stock worth $52,833,048 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SNOW. Groupama Asset Managment purchased a new stake in shares of Snowflake in the third quarter worth about $25,000. Stonebridge Financial Group LLC bought a new stake in Snowflake in the 4th quarter worth approximately $29,000. West Paces Advisors Inc. purchased a new stake 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 valued at approximately $31,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Snowflake in the fourth quarter valued at $31,000. Hedge funds and other 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.