Snowflake Inc. (NYSE:SNOW) Director Michael L. Speiser Sells 403 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Michael L. Speiser sold 403 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $221.47, for a total transaction of $89,252.41. Following the transaction, the director directly owned 26,539 shares in the company, valued at approximately $5,877,592.33. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Snowflake Stock Performance

NYSE:SNOW traded down $5.82 during trading hours on Thursday, reaching $216.08. 586,513 shares of the company's stock were exchanged, compared to its average volume of 6,009,159. The firm has a market capitalization of $72.14 billion, a price-to-earnings ratio of -51.34 and a beta of 1.22. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $226.60. The company has a 50-day moving average of $201.70 and a 200 day moving average of $176.33.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. Snowflake's quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. Research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in Snowflake during the 1st quarter valued at about $26,000. CVA Family Office LLC grew its holdings in shares of Snowflake by 80.0% during the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after buying an additional 88 shares in the last quarter. West Paces Advisors Inc. purchased a new stake in shares of Snowflake during the fourth quarter worth about $31,000. Spurstone Advisory Services LLC acquired a new stake in shares of Snowflake in the fourth quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Snowflake in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Wall Street Analyst Weigh In

SNOW has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $245.00 price target on shares of Snowflake in a research note on Wednesday, June 4th. Oppenheimer reaffirmed an "outperform" rating on shares of Snowflake in a research note on Tuesday, June 24th. Stifel Nicolaus lifted their price target on shares of Snowflake from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. KeyCorp restated an "overweight" rating on shares of Snowflake in a report on Wednesday, June 25th. Finally, Piper Sandler restated an "overweight" rating and issued a $215.00 price objective (up previously from $175.00) on shares of Snowflake in a report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and an average target price of $225.36.

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.