Snowflake (NYSE:SNOW) Price Target Raised to $203.00 at Barclays

Snowflake (NYSE:SNOW) had its price target boosted by Barclays from $190.00 to $203.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on SNOW. Piper Sandler boosted their price target on Snowflake from $208.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America lifted their target price on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Monness Crespi & Hardt increased their price target on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald began coverage on shares of Snowflake in a research note on Friday, January 17th. They set an “overweight” rating and a $201.00 price objective for the company. Finally, Rosenblatt Securities increased their price objective on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.92.

Snowflake Trading Up 4.6 %

NYSE:SNOW opened at $173.78 on Thursday. The company has a market capitalization of $57.36 billion, a P/E ratio of -51.26 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake has a 12 month low of $107.13 and a 12 month high of $233.88. The firm has a fifty day simple moving average of $172.98 and a 200-day simple moving average of $145.14.

Insider Buying and Selling at Snowflake

In other Snowflake news, CAO Emily Ho sold 1,508 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares in the company, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,193 shares of company stock worth $52,833,048. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Snowflake

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

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.