Snowflake Inc. (NYSE:SNOW - Get Free Report) CAO Emily Ho sold 2,599 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $210.07, for a total value of $545,971.93. Following the transaction, the chief accounting officer now owns 37,763 shares of the company's stock, valued at $7,932,873.41. The trade was a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Emily Ho also recently made the following trade(s):
- On Friday, May 23rd, Emily Ho sold 5,027 shares of Snowflake stock. The shares were sold at an average price of $199.06, for a total value of $1,000,674.62.
Snowflake Stock Performance
Shares of SNOW stock traded down $3.14 during mid-day trading on Friday, reaching $208.14. 3,634,177 shares of the company's stock traded hands, compared to its average volume of 6,269,105. 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 firm has a market capitalization of $69.49 billion, a PE ratio of -61.40 and a beta of 1.21. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $214.83. The firm has a 50 day moving average price of $175.03 and a two-hundred day moving average price of $170.52.
Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Snowflake had a negative return on equity of 24.23% and a negative net margin of 33.02%. Snowflake's revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Robert W. Baird upped their target price on Snowflake from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price objective on Snowflake from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday. Daiwa America upgraded shares of Snowflake to a "strong-buy" rating in a research report on Tuesday, April 1st. UBS Group upgraded Snowflake from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $210.00 to $265.00 in a report on Wednesday, June 4th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $205.00 target price on shares of Snowflake in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $223.50.
View Our Latest Stock Analysis on SNOW
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SNOW. Opal Wealth Advisors LLC bought a new stake in Snowflake during the 1st quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake in the fourth quarter worth $29,000. CVA Family Office LLC raised its position in shares of Snowflake by 80.0% during the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after purchasing an additional 88 shares during the period. West Paces Advisors Inc. purchased a new position in shares of Snowflake during the 4th quarter valued at $31,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Snowflake during the 4th quarter valued at $31,000. 65.10% of the stock is owned by hedge funds and other institutional investors.
Snowflake Company Profile
(
Get Free Report)
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.
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