Snowflake (NYSE:SNOW) Trading Up 0.1%

Snowflake Inc. (NYSE:SNOW - Get Free Report)'s share price was up 0.1% on Tuesday . The company traded as high as $158.58 and last traded at $157.60. Approximately 694,507 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 6,442,419 shares. The stock had previously closed at $157.44.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SNOW shares. Macquarie upgraded shares of Snowflake from a "neutral" rating to an "outperform" rating and increased their price target for the company from $182.00 to $205.00 in a report on Thursday, February 29th. Barclays decreased their price target on Snowflake from $198.00 to $188.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a report on Tuesday. Stifel Nicolaus lowered their target price on Snowflake from $235.00 to $220.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Finally, Rosenblatt Securities raised Snowflake from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, Snowflake has an average rating of "Moderate Buy" and an average price target of $202.00.

Snowflake Trading Down 1.4 %

The business's 50-day simple moving average is $167.16 and its two-hundred day simple moving average is $179.13. The company has a market capitalization of $51.85 billion, a PE ratio of -60.85 and a beta of 0.91.

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

Insider Activity at Snowflake

In related news, CEO Sridhar Ramaswamy bought 31,542 shares of the business's stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of $158.52 per share, for a total transaction of $5,000,037.84. Following the purchase, the chief executive officer now owns 31,542 shares in the company, valued at approximately $5,000,037.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Snowflake news, CRO Christopher William Degnan sold 12,533 shares of Snowflake stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $200.04, for a total value of $2,507,101.32. Following the completion of the transaction, the executive now owns 98,172 shares of the company's stock, valued at $19,638,326.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sridhar Ramaswamy bought 31,542 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average price of $158.52 per share, with a total value of $5,000,037.84. Following the purchase, the chief executive officer now owns 31,542 shares of the company's stock, valued at $5,000,037.84. The disclosure for this purchase can be found here. Insiders have sold 168,209 shares of company stock valued at $34,291,592 over the last ninety days. Corporate insiders own 8.30% of the company's stock.

Institutional Trading of Snowflake

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Accent Capital Management LLC bought a new position in Snowflake during the 4th quarter worth $25,000. Ulland Investment Advisors LLC grew its position in shares of Snowflake by 270.0% during the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company's stock worth $28,000 after acquiring an additional 135 shares during the last quarter. Provence Wealth Management Group acquired a new stake in shares of Snowflake in the 3rd quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. lifted its position in Snowflake by 54.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company's stock valued at $31,000 after purchasing an additional 72 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its position in Snowflake by 89.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company's stock valued at $31,000 after purchasing an additional 97 shares during the last quarter. 65.10% of the stock is currently 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.