Snowflake (NYSE:SNOW) Trading Down 1%

Snowflake Inc. (NYSE:SNOW - Get Free Report) shares fell 1% during mid-day trading on Tuesday . The company traded as low as $149.11 and last traded at $150.40. 1,488,766 shares were traded during mid-day trading, a decline of 78% from the average session volume of 6,713,499 shares. The stock had previously closed at $151.98.

Analyst Ratings Changes

A number of research firms have recently issued reports on SNOW. Rosenblatt Securities raised Snowflake from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. dropped their price target on Snowflake from $200.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, February 29th. Oppenheimer dropped their price target on Snowflake from $240.00 to $220.00 and set an "outperform" rating for the company in a report on Thursday, February 29th. Monness Crespi & Hardt raised Snowflake from a "sell" rating to a "neutral" rating in a report on Monday, March 18th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Snowflake in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $202.00.

Snowflake Stock Performance

The business has a 50 day moving average of $183.70 and a two-hundred day moving average of $179.49. The firm has a market capitalization of $50.22 billion, a price-to-earnings ratio of -59.13 and a beta of 0.91.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. On average, equities analysts predict that Snowflake Inc. will post -1.92 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, CAO Emily Ho sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.98, for a total transaction of $235,470.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,393 shares of the company's stock, valued at $4,457,133.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Snowflake news, CEO Frank Slootman sold 86,078 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $225.13, for a total transaction of $19,378,740.14. Following the sale, the chief executive officer now owns 180,143 shares in the company, valued at $40,555,593.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Emily Ho sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.98, for a total value of $235,470.00. Following the sale, the chief accounting officer now owns 28,393 shares in the company, valued at approximately $4,457,133.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 179,055 shares of company stock valued at $36,633,917. Company insiders own 8.30% of the company's stock.

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently made changes to their positions in SNOW. Accent Capital Management LLC purchased a new stake in Snowflake during the fourth quarter valued at about $25,000. Mango Five Family Inc. purchased a new stake in Snowflake during the fourth quarter valued at about $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Snowflake by 333.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Snowflake by 822.2% during the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company's stock valued at $38,000 after purchasing an additional 148 shares in the last quarter. Finally, Ulland Investment Advisors LLC raised its position in Snowflake by 270.0% during the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company's stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors 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.