Snowflake (NYSE:SNOW) Stock Price Up 0.2%

Shares of Snowflake Inc. (NYSE:SNOW) rose 0.2% on Friday . The stock traded as high as $150.09 and last traded at $148.68. Approximately 1,075,955 shares changed hands during trading, a decline of 84% from the average daily volume of 6,602,226 shares. The stock had previously closed at $148.41.

Analyst Upgrades and Downgrades

SNOW has been the subject of several analyst reports. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Wedbush upped their price target on Snowflake from $144.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Stifel Nicolaus lowered their price target on Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Raymond James upped their price target on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Redburn Atlantic reaffirmed a “sell” rating and set a $125.00 price target (down previously from $180.00) on shares of Snowflake in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.00.

Snowflake Trading Down 1.6 %

The firm has a 50 day simple moving average of $179.56 and a 200 day simple moving average of $179.04. The firm has a market capitalization of $48.81 billion, a PE ratio of -58.31 and a beta of 0.91.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The business had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Research analysts forecast that Snowflake Inc. will post -1.9 earnings per share for the current year.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares in the company, valued at approximately $121,053,288.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares in the company, valued at approximately $121,053,288.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sridhar Ramaswamy purchased 31,542 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of $158.52 per share, for a total transaction of $5,000,037.84. Following the completion of the purchase, the chief executive officer now owns 31,542 shares in the company, valued at $5,000,037.84. The disclosure for this purchase can be found here. Insiders have sold a total of 180,555 shares of company stock worth $36,868,487 in the last ninety days. Insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the stock. Accent Capital Management LLC bought a new position in Snowflake in the 4th quarter worth $25,000. Mango Five Family Inc. bought a new stake in Snowflake during the fourth quarter valued at about $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Snowflake by 333.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Geneos Wealth Management Inc. raised its holdings in Snowflake by 822.2% during the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after acquiring an additional 148 shares during the period. Finally, Ulland Investment Advisors LLC raised its holdings in Snowflake by 270.0% during the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after acquiring an additional 135 shares during the period. 65.10% of the stock is owned by 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.