Snowflake (NYSE:SNOW) PT Raised to $191.00

Snowflake (NYSE:SNOW) had its price objective increased by Barclays from $188.00 to $191.00 in a research report report published on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the company. Bank of America cut their target price on Snowflake from $212.00 to $200.00 and set a neutral rating for the company in a research note on Wednesday, May 15th. Rosenblatt Securities lifted their target price on shares of Snowflake from $185.00 to $195.00 and gave the stock a buy rating in a research report on Thursday. Citigroup cut their price target on shares of Snowflake from $290.00 to $240.00 and set a buy rating for the company in a research report on Monday, March 4th. Stifel Nicolaus decreased their price objective on Snowflake from $220.00 to $200.00 and set a buy rating on the stock in a report on Thursday. Finally, Mizuho restated a buy rating and set a $205.00 target price (down from $255.00) on shares of Snowflake in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $200.64.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $156.16 on Thursday. The company’s fifty day moving average price is $157.03 and its 200-day moving average price is $180.31. Snowflake has a one year low of $138.40 and a one year high of $237.72.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative return on equity of 15.54% and a negative net margin of 30.80%. The business had revenue of $774.70 million for the quarter, compared to analysts’ expectations of $759.86 million. Equities research analysts predict that Snowflake will post -1.83 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 1,500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,393 shares in the company, valued at approximately $4,457,133.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Snowflake news, insider Benoit Dageville sold 8,515 shares of Snowflake stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the completion of the transaction, the insider now owns 55,216 shares in the company, valued at $8,627,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Emily Ho sold 1,500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the sale, the chief accounting officer now directly owns 28,393 shares in the company, valued at $4,457,133.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,380 shares of company stock valued at $9,803,625. 8.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently bought and sold shares of SNOW. Accent Capital Management LLC purchased a new position in Snowflake in the fourth quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of Snowflake during the first quarter valued at approximately $29,000. FinTrust Capital Advisors LLC increased its position in shares of Snowflake by 193.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. Riverview Trust Co purchased a new position in Snowflake in the 1st quarter worth approximately $31,000. Finally, Provence Wealth Management Group bought a new position in Snowflake in the 3rd quarter valued at approximately $30,000. Institutional investors own 65.10% of the company’s stock.

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.