Snowflake Inc. (NYSE:SNOW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Snowflake Inc. (NYSE:SNOW) have earned a consensus rating of “Moderate Buy” from the thirty-eight research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $187.06.

Several research firms have recently issued reports on SNOW. JMP Securities restated a “market outperform” rating and set a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Evercore ISI upped their price target on Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Bank of America upped their target price on Snowflake from $160.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, StockNews.com downgraded shares of Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $351,007.28. Following the completion of the sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 516,933 shares of company stock valued at $88,283,752. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Snowflake

Several institutional investors have recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the fourth quarter worth about $29,000. Groupama Asset Managment acquired a new position in Snowflake during the 3rd quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 144 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Down 1.3 %

Shares of SNOW stock opened at $183.87 on Monday. Snowflake has a 1 year low of $107.13 and a 1 year high of $237.72. The firm’s fifty day simple moving average is $170.79 and its 200 day simple moving average is $139.60. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.