Brokerages Set Snowflake Inc. (NYSE:SNOW) Price Target at $183.89

Shares of Snowflake Inc. (NYSE:SNOW) have received a consensus recommendation of “Moderate Buy” from the thirty-eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $184.46.

A number of equities analysts have weighed in on the company. Truist Financial reissued a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Monness Crespi & Hardt lifted their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price target on shares of Snowflake from $172.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. UBS Group decreased their price objective on Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Oppenheimer restated an “outperform” rating and issued a $180.00 target price on shares of Snowflake in a research report on Thursday, November 21st.

Insider Activity

In related news, insider Benoit Dageville sold 287 shares of Snowflake stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $31,974.67. Following the sale, the insider now directly owns 53,250 shares in the company, valued at $5,932,582.50. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank Slootman sold 1,712 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $306,448.00. Following the completion of the transaction, the director now owns 205,965 shares of the company’s stock, valued at $36,867,735. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,158 shares of company stock worth $46,709,467. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC boosted its holdings in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares during the period. Groupama Asset Managment purchased a new stake in Snowflake in the 3rd quarter valued at $25,000. Wellington Shields Capital Management LLC acquired a new stake in Snowflake during the 2nd quarter worth $27,000. V Square Quantitative Management LLC purchased a new position in Snowflake during the 3rd quarter worth $30,000. Finally, Fortitude Family Office LLC acquired a new position in Snowflake in the third quarter valued at $34,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 1.0 %

SNOW stock opened at $170.83 on Friday. 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 firm has a 50-day moving average of $141.26 and a two-hundred day moving average of $130.00. Snowflake has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a market cap of $56.39 billion, a price-to-earnings ratio of -50.39 and a beta of 1.03.

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.