Snowflake Inc. (NYSE:SNOW) Director Sells $52,087.75 in Stock

Snowflake Inc. (NYSE:SNOW) Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the transaction, the director now owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Snowflake Stock Performance

SNOW stock traded up $0.22 on Monday, hitting $130.75. The company’s stock had a trading volume of 8,641,488 shares, compared to its average volume of 6,409,728. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The stock has a market cap of $43.16 billion, a price-to-earnings ratio of -38.57 and a beta of 1.13. The firm has a 50 day moving average of $168.08 and a two-hundred day moving average of $152.81. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Thursday, February 20th. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Jefferies Financial Group lowered their price objective on shares of Snowflake from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stifel Nicolaus raised their price objective on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Monness Crespi & Hardt boosted their target price on Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.84.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Groupama Asset Managment purchased a new stake in shares of Snowflake in the third quarter valued at $25,000. Stonebridge Financial Group LLC bought a new position in Snowflake during the fourth quarter worth $29,000. West Paces Advisors Inc. acquired a new stake in Snowflake in the fourth quarter worth $31,000. Spurstone Advisory Services LLC bought a new stake in Snowflake during the 4th quarter valued at $31,000. Finally, Capital A Wealth Management LLC bought a new stake in Snowflake during the fourth quarter worth approximately $31,000. 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.