Snowflake Inc. (NYSE:SNOW) CAO Emily Ho Sells 2,021 Shares

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the transaction, the chief accounting officer now directly owns 26,874 shares in the company, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Snowflake Trading Up 1.4 %

SNOW opened at $173.62 on Thursday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The firm has a market capitalization of $58.20 billion, a PE ratio of -51.22 and a beta of 0.83. The firm’s 50-day moving average price is $123.68 and its 200 day moving average price is $128.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. LRI Investments LLC lifted its position in Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after buying an additional 112 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Snowflake during the 3rd quarter worth $25,000. Wellington Shields Capital Management LLC acquired a new position in shares of Snowflake during the 2nd quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Snowflake in the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC acquired a new stake in Snowflake during the third quarter worth about $34,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Citigroup cut their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Oppenheimer restated an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Hsbc Global Res upgraded shares of Snowflake from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $185.00 target price (up from $165.00) on shares of Snowflake in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.09.

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.