Snowflake Inc. (NYSE:SNOW) Receives Consensus Rating of “Moderate Buy” from Analysts

Snowflake Inc. (NYSE:SNOW) has earned a consensus rating of “Moderate Buy” from the forty ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $202.92.

A number of equities research analysts have issued reports on SNOW shares. Royal Bank of Canada raised their price target on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group raised their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays lifted their target price on shares of Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler lifted their target price on shares of Snowflake from $208.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Cantor Fitzgerald lifted their target price on shares of Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the sale, the executive vice president now owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 2,218 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $175.00, for a total transaction of $388,150.00. Following the sale, the director now directly owns 208,735 shares in the company, valued at approximately $36,528,625. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,193 shares of company stock worth $52,833,048 in the last 90 days. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of Snowflake

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. lifted its stake in shares of Snowflake by 139.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 6,135 shares of the company’s stock valued at $947,000 after purchasing an additional 3,577 shares during the period. Carolinas Wealth Consulting LLC acquired a new position in Snowflake during the fourth quarter worth $32,000. Capital A Wealth Management LLC acquired a new position in Snowflake during the fourth quarter worth $31,000. Garde Capital Inc. grew its holdings in shares of Snowflake by 3.9% during the fourth quarter. Garde Capital Inc. now owns 6,288 shares of the company’s stock worth $971,000 after buying an additional 238 shares in the last quarter. Finally, American Trust purchased a new stake in shares of Snowflake during the fourth quarter worth $330,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $173.78 on Friday. The stock has a market cap of $57.36 billion, a PE ratio of -51.26 and a beta of 1.07. The company’s fifty day moving average is $172.98 and its 200 day moving average is $145.14. Snowflake has a 52 week low of $107.13 and a 52 week high of $233.88. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.