Snowflake (NYSE:SNOW) Stock Price Up 1.9%

Snowflake Inc. (NYSE:SNOW - Get Free Report) was up 1.9% during trading on Tuesday . The stock traded as high as $152.08 and last traded at $150.06. Approximately 1,769,783 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 6,554,973 shares. The stock had previously closed at $147.21.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNOW. Macquarie upgraded shares of Snowflake from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $182.00 to $205.00 in a report on Thursday, February 29th. Wedbush boosted their target price on shares of Snowflake from $144.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Mizuho reaffirmed a "buy" rating and set a $205.00 price target (down from $255.00) on shares of Snowflake in a research report on Thursday, February 29th. Guggenheim raised shares of Snowflake from a "sell" rating to a "neutral" rating in a research report on Friday, March 15th. Finally, UBS Group lifted their price target on shares of Snowflake from $185.00 to $225.00 and gave the company a "neutral" rating in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $202.00.

Snowflake Stock Up 2.7 %

The firm's 50 day simple moving average is $174.58 and its two-hundred day simple moving average is $179.32. The stock has a market cap of $50.52 billion, a P/E ratio of -59.28 and a beta of 0.91.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. As a group, equities analysts predict that Snowflake Inc. will post -1.9 EPS for the current year.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 1,500 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $156.38, for a total transaction of $234,570.00. Following the completion of the transaction, the executive vice president now owns 774,097 shares in the company, valued at $121,053,288.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Christian Kleinerman sold 1,500 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $156.38, for a total value of $234,570.00. Following the completion of the sale, the executive vice president now owns 774,097 shares of the company's stock, valued at $121,053,288.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Christopher William Degnan sold 12,533 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $200.04, for a total transaction of $2,507,101.32. Following the completion of the sale, the executive now directly owns 98,172 shares of the company's stock, valued at approximately $19,638,326.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 178,209 shares of company stock worth $36,391,592. Insiders own 8.30% of the company's stock.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in shares of Snowflake by 22.8% during the 3rd quarter. International Assets Investment Management LLC now owns 2,620 shares of the company's stock valued at $387,000 after purchasing an additional 486 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Snowflake during the 3rd quarter valued at about $233,000. AE Wealth Management LLC boosted its position in shares of Snowflake by 12.8% during the 3rd quarter. AE Wealth Management LLC now owns 14,790 shares of the company's stock valued at $2,259,000 after purchasing an additional 1,674 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Snowflake by 13.8% during the 3rd quarter. HB Wealth Management LLC now owns 2,322 shares of the company's stock valued at $355,000 after purchasing an additional 281 shares in the last quarter. Finally, RFG Advisory LLC boosted its position in shares of Snowflake by 9.9% during the 3rd quarter. RFG Advisory LLC now owns 2,035 shares of the company's stock valued at $311,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

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.