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AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)
QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)
QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)

Needham & Company LLC Reaffirms Hold Rating for Snowflake (NYSE:SNOW)

Wednesday, September 15, 2021 | MarketBeat

Snowflake (NYSE:SNOW)'s stock had its "hold" rating reissued by equities research analysts at Needham & Company LLC in a research report issued on Wednesday, AnalystRatings.com reports.

A number of other brokerages also recently issued reports on SNOW. BTIG Research set a $264.62 price target on shares of Snowflake and gave the stock a "hold" rating in a research report on Wednesday, July 14th. FBN Securities boosted their price target on shares of Snowflake from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Thursday, August 26th. Stifel Nicolaus lifted their price objective on shares of Snowflake from $275.00 to $300.00 and gave the company a "hold" rating in a research note on Thursday, August 26th. Canaccord Genuity lifted their price objective on shares of Snowflake from $240.00 to $275.00 and gave the company a "hold" rating in a research note on Thursday, August 26th. Finally, Monness Crespi & Hardt assumed coverage on shares of Snowflake in a research note on Monday, July 12th. They issued a "neutral" rating and a $264.63 price objective for the company. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $296.36.

NYSE:SNOW opened at $319.25 on Wednesday. Snowflake has a 52 week low of $184.71 and a 52 week high of $429.00. The firm has a market cap of $96.06 billion and a price-to-earnings ratio of -104.67. The firm's 50-day simple moving average is $280.92 and its 200 day simple moving average is $249.71.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Tuesday, August 24th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.11. Snowflake had a negative net margin of 89.38% and a negative return on equity of 15.26%. The company had revenue of $272.20 million for the quarter, compared to the consensus estimate of $256.74 million. Snowflake's revenue was up 104.5% on a year-over-year basis. As a group, analysts anticipate that Snowflake will post -2.11 EPS for the current fiscal year.

In other Snowflake news, Director Mark Garrett sold 1,005 shares of the stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of $250.00, for a total transaction of $251,250.00. Following the transaction, the director now owns 1,005 shares in the company, valued at $251,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Benoit Dageville sold 100 shares of the firm's stock in a transaction that occurred on Tuesday, July 13th. The shares were sold at an average price of $275.00, for a total value of $27,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,119,089 shares of company stock valued at $308,609,521 over the last quarter. Company insiders own 11.30% of the company's stock.

Large investors have recently added to or reduced their stakes in the stock. Covington Capital Management lifted its holdings in shares of Snowflake by 9.6% in the 2nd quarter. Covington Capital Management now owns 400 shares of the company's stock valued at $97,000 after purchasing an additional 35 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Snowflake by 2.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,876 shares of the company's stock worth $446,000 after acquiring an additional 42 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of Snowflake by 3.8% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 1,220 shares of the company's stock worth $295,000 after acquiring an additional 45 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Snowflake by 12.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 450 shares of the company's stock worth $108,000 after acquiring an additional 50 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Snowflake by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,492 shares of the company's stock valued at $342,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 62.41% of the company's stock.

Snowflake Company Profile

Snowflake Inc provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.

Read More: Strike Price

Analyst Recommendations for Snowflake (NYSE:SNOW)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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