Snowflake Inc. (NYSE:SNOW - Get Free Report) CAO Emily Ho sold 5,027 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $199.06, for a total value of $1,000,674.62. Following the completion of the sale, the chief accounting officer now directly owns 40,608 shares in the company, valued at approximately $8,083,428.48. The trade was a 11.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Snowflake Stock Performance
SNOW traded up $3.38 during trading hours on Friday, reaching $205.69. The company's stock had a trading volume of 7,073,445 shares, compared to its average volume of 6,465,363. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $209.80. The company's 50-day moving average is $163.63 and its 200-day moving average is $166.35. 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 cap of $68.67 billion, a PE ratio of -60.68 and a beta of 1.11.
Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Snowflake had a negative return on equity of 24.23% and a negative net margin of 33.02%. The company's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. On average, equities analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.
Analyst Ratings Changes
Several research firms recently commented on SNOW. DA Davidson boosted their price target on Snowflake from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their price objective on Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Mizuho lifted their price objective on Snowflake from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Raymond James restated an "outperform" rating and set a $212.00 price objective (up from $196.00) on shares of Snowflake in a report on Thursday, May 22nd. Finally, Scotiabank restated an "outperform" rating on shares of Snowflake in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $217.33.
View Our Latest Analysis on Snowflake
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in Snowflake in the first quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake during the fourth quarter valued at about $29,000. CVA Family Office LLC lifted its stake in shares of Snowflake by 80.0% in the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after acquiring an additional 88 shares during the period. West Paces Advisors Inc. acquired a new position in shares of Snowflake in the fourth quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Snowflake in the fourth quarter worth approximately $31,000. Institutional investors own 65.10% of the company's stock.
Snowflake Company Profile
(
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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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