Snowflake (NYSE:SNOW) Given New $200.00 Price Target at Jefferies Financial Group

Snowflake (NYSE:SNOW) had its target price lifted by Jefferies Financial Group from $180.00 to $200.00 in a research report sent to investors on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other analysts have also commented on SNOW. Loop Capital cut their price target on Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Evercore ISI boosted their target price on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Hsbc Global Res raised shares of Snowflake from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 23rd. Needham & Company LLC boosted their price objective on shares of Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Monness Crespi & Hardt increased their price objective on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $184.46.

Snowflake Stock Down 4.8 %

Shares of NYSE:SNOW opened at $162.59 on Monday. Snowflake has a 52-week low of $107.13 and a 52-week high of $237.72. The company has a market capitalization of $53.67 billion, a PE ratio of -47.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a fifty day moving average of $142.12 and a 200-day moving average of $130.22.

Insider Transactions at Snowflake

In related news, insider Benoit Dageville sold 287 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $31,974.67. Following the transaction, the insider now directly owns 53,250 shares of the company’s stock, valued at $5,932,582.50. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 3,029 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total transaction of $517,959.00. Following the completion of the sale, the executive vice president now directly owns 684,639 shares of the company’s stock, valued at $117,073,269. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 292,901 shares of company stock valued at $48,375,520 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several institutional investors have recently modified their holdings of SNOW. Modus Advisors LLC lifted its holdings in Snowflake by 3.9% during the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after acquiring an additional 94 shares during the period. Catalyst Private Wealth LLC raised its stake in shares of Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after purchasing an additional 104 shares during the period. LRI Investments LLC boosted its holdings in shares of Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after buying an additional 112 shares during the last quarter. Clear Creek Financial Management LLC grew its position in Snowflake by 6.7% during the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after buying an additional 115 shares during the period. Finally, Covestor Ltd raised its position in Snowflake by 16.2% in the third quarter. Covestor Ltd now owns 827 shares of the company’s stock worth $95,000 after acquiring an additional 115 shares during the period. 65.10% of the stock is owned by institutional investors.

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, as well as applies artificial intelligence (AI) for solving business problems.