Snowflake Inc. (NYSE:SNOW – Get Free Report) CEO Sridhar Ramaswamy purchased 31,542 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were bought at an average price of $158.52 per share, with a total value of $5,000,037.84. Following the purchase, the chief executive officer now owns 31,542 shares in the company, valued at $5,000,037.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Snowflake Stock Up 1.3 %
Shares of Snowflake stock opened at $160.05 on Thursday. The firm’s 50 day moving average price is $195.94 and its 200-day moving average price is $179.43. Snowflake Inc. has a 52-week low of $134.17 and a 52-week high of $237.72. The company has a market cap of $52.70 billion, a P/E ratio of -62.76 and a beta of 0.94.
Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.80%. The firm had revenue of $774.70 million during the quarter, compared to analysts’ expectations of $759.86 million. As a group, equities research analysts forecast that Snowflake Inc. will post -1.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Snowflake
Analysts Set New Price Targets
Several brokerages have commented on SNOW. Wedbush raised their price target on shares of Snowflake from $144.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Raymond James boosted their price objective on shares of Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. HSBC restated a “reduce” rating on shares of Snowflake in a report on Thursday, February 29th. Bank of America cut their price objective on shares of Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Finally, Truist Financial cut their price objective on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $202.50.
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.
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