Snowflake Inc. (NYSE:SNOW) CAO Emily Ho Sells 1,508 Shares

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were 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 of the company’s stock, valued at $7,303,489.20. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Emily Ho also recently made the following trade(s):

• On Monday, November 25th, Emily Ho sold 2,021 shares of Snowflake stock. The shares were sold at an average price of $173.68, for a total value of $351,007.28.

Snowflake Trading Down 3.0 %

Shares of Snowflake stock opened at $158.65 on Friday. The firm has a market capitalization of $52.37 billion, a PE ratio of -46.80 and a beta of 1.03. 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’s 50 day moving average is $147.90 and its 200 day moving average is $131.72. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Jefferies Financial Group increased their price objective on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Oppenheimer reaffirmed an “outperform” rating and set a $180.00 target price on shares of Snowflake in a report on Thursday, November 21st. Wedbush cut shares of Snowflake from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Argus began coverage on shares of Snowflake in a research report on Tuesday, October 1st. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-six 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 a consensus target price of $185.03.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently bought and sold shares of SNOW. Modus Advisors LLC raised its holdings in shares of Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after purchasing an additional 94 shares during the last quarter. Catalyst Private Wealth LLC boosted its stake in shares of Snowflake by 3.2% in the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after buying an additional 104 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in shares of Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after acquiring an additional 115 shares in the last quarter. Covestor Ltd grew its holdings in shares of Snowflake by 16.2% in the third quarter. Covestor Ltd now owns 827 shares of the company’s stock valued at $95,000 after acquiring an additional 115 shares in the last quarter. Finally, Alta Wealth Advisors LLC increased its position in shares of Snowflake by 3.9% during the third quarter. Alta Wealth Advisors LLC now owns 3,210 shares of the company’s stock valued at $369,000 after acquiring an additional 121 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

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.