Snowflake (NYSE:SNOW) Price Target Raised to $205.00 at Loop Capital

Snowflake (NYSE:SNOW) had its price target boosted by investment analysts at Loop Capital from $185.00 to $205.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 23.28% from the company’s current price.

Other research analysts have also issued reports about the stock. Mizuho increased their price target on shares of Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. TD Cowen upped their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. DA Davidson reissued a “buy” rating and issued a $175.00 target price on shares of Snowflake in a research report on Thursday, October 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $185.03.

Snowflake Stock Performance

NYSE:SNOW opened at $166.29 on Monday. 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 business has a 50 day moving average price of $143.77 and a 200-day moving average price of $130.62. The firm has a market cap of $54.89 billion, a PE ratio of -49.05 and a beta of 1.03. Snowflake has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the sale, the executive vice president now directly owns 691,755 shares in the company, valued at $124,515,900. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 6,714 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total transaction of $1,148,094.00. Following the transaction, the director now owns 196,454 shares of the company’s stock, valued at $33,593,634. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 291,753 shares of company stock worth $48,247,621. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Groupama Asset Managment bought a new position in shares of Snowflake in the third quarter valued at $25,000. Wellington Shields Capital Management LLC acquired a new stake in Snowflake in the 2nd quarter valued at about $27,000. V Square Quantitative Management LLC bought a new position in Snowflake during the third quarter worth about $30,000. Fortitude Family Office LLC bought a new stake in Snowflake in the third quarter valued at approximately $34,000. Finally, Larson Financial Group LLC boosted its stake in shares of Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after acquiring an additional 152 shares during the period. 65.10% of the stock is currently 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.