Analysts Set Snowflake Inc. (NYSE:SNOW) Target Price at $200.28

Shares of Snowflake Inc. (NYSE:SNOW) have earned an average recommendation of “Moderate Buy” from the forty analysts that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $200.28.

SNOW has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Snowflake from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. Rosenblatt Securities boosted their target price on shares of Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Daiwa Capital Markets started coverage on Snowflake in a research note on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price target on the stock. Stifel Nicolaus lifted their price objective on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Barclays increased their target price on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 27th.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00. Following the sale, the executive vice president now directly owns 594,975 shares in the company, valued at approximately $102,186,956.25. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 1,783 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the transaction, the director now owns 192,511 shares of the company’s stock, valued at $28,345,319.64. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Several large investors have recently bought and sold shares of SNOW. Capital Investment Advisors LLC grew its stake in shares of Snowflake by 27.2% in the 4th quarter. Capital Investment Advisors LLC now owns 2,567 shares of the company’s stock worth $396,000 after buying an additional 549 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Snowflake during the 4th quarter valued at about $231,000. Pallas Capital Advisors LLC lifted its holdings in shares of Snowflake by 83.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,990 shares of the company’s stock valued at $771,000 after acquiring an additional 2,271 shares during the last quarter. Tsfg LLC grew its position in Snowflake by 3,126.3% in the fourth quarter. Tsfg LLC now owns 2,581 shares of the company’s stock worth $399,000 after acquiring an additional 2,501 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in Snowflake by 0.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 27,690 shares of the company’s stock worth $4,276,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

SNOW opened at $183.01 on Wednesday. The company’s 50-day simple moving average is $155.65 and its two-hundred day simple moving average is $161.65. 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 stock has a market capitalization of $60.41 billion, a P/E ratio of -53.98 and a beta of 1.11. Snowflake has a 52-week low of $107.13 and a 52-week high of $194.40.

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.