Snowflake Inc. (NYSE:SNOW) Given Average Recommendation of “Moderate Buy” by Analysts

Snowflake Inc. (NYSE:SNOW) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twenty-six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $180.23.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on Snowflake from $200.00 to $168.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Barclays upped their price target on shares of Snowflake from $142.00 to $172.00 and gave the company an “equal weight” rating in a research note on Thursday. Loop Capital cut their price objective on shares of Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. UBS Group lowered their target price on shares of Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a report on Friday, August 23rd.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 1,606 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $176,595.76. Following the completion of the sale, the director now owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 3,029 shares of Snowflake stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total transaction of $346,487.31. Following the completion of the transaction, the executive vice president now directly owns 753,464 shares in the company, valued at approximately $86,188,746.96. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,538 shares of company stock worth $7,061,544 in the last ninety days. 7.80% of the stock is owned by company insiders.

Institutional Trading of Snowflake

Institutional investors have recently modified their holdings of the company. Covestor Ltd grew its position in shares of Snowflake by 25.0% in the 1st quarter. Covestor Ltd now owns 350 shares of the company’s stock worth $57,000 after buying an additional 70 shares during the last quarter. Modus Advisors LLC increased its position in Snowflake by 3.9% during the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after purchasing an additional 94 shares during the period. Catalyst Private Wealth LLC raised its holdings in Snowflake by 3.2% in 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 in the last quarter. Iron Gate Global Advisors LLC lifted its position in shares of Snowflake by 0.9% in the 1st quarter. Iron Gate Global Advisors LLC now owns 11,666 shares of the company’s stock worth $1,878,000 after purchasing an additional 105 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Snowflake by 30.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $72,000 after purchasing an additional 108 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of SNOW opened at $167.44 on Wednesday. Snowflake has a 1 year low of $107.13 and a 1 year high of $237.72. The stock’s fifty day moving average price is $120.06 and its two-hundred day moving average price is $127.80.

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.