Snowflake (NYSE:SNOW) Price Target Raised to $208.00

Snowflake (NYSE:SNOW) had its target price boosted by Piper Sandler from $185.00 to $208.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the company. Loop Capital lifted their price target on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wedbush cut shares of Snowflake from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Mizuho upped their price objective on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $180.00 target price on shares of Snowflake in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $187.11.

Snowflake Trading Up 1.5 %

Shares of NYSE:SNOW opened at $161.16 on Monday. Snowflake has a 52-week low of $107.13 and a 52-week high of $237.72. 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 market cap of $53.20 billion, a P/E ratio of -47.54 and a beta of 1.05. The stock’s 50-day moving average is $154.55 and its 200-day moving average is $133.42.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares in the company, valued at $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 45,896 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. This represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 376,904 shares of company stock worth $62,545,855. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several large investors have recently bought and sold shares of SNOW. Fulton Bank N.A. acquired a new position in shares of Snowflake in the 4th quarter valued at $216,000. Diversified Trust Co boosted its holdings in Snowflake by 174.8% during the fourth quarter. Diversified Trust Co now owns 4,906 shares of the company’s stock worth $758,000 after buying an additional 3,121 shares during the last quarter. Doliver Advisors LP grew its position in shares of Snowflake by 268.7% during the 4th quarter. Doliver Advisors LP now owns 8,262 shares of the company’s stock worth $1,276,000 after buying an additional 6,021 shares during the period. Nordea Investment Management AB increased its stake in shares of Snowflake by 2.3% in the 4th quarter. Nordea Investment Management AB now owns 23,911 shares of the company’s stock valued at $3,682,000 after acquiring an additional 536 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Snowflake during the 4th quarter worth approximately $1,390,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.