Analysts Set Snowflake Inc. (NYSE:SNOW) Target Price at $201.76

Shares of Snowflake Inc. (NYSE:SNOW - Get Free Report) have been given an average recommendation of "Moderate Buy" by the forty-one research firms that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $201.35.

Several analysts have recently commented on SNOW shares. Jefferies Financial Group lowered their target price on shares of Snowflake from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. Rosenblatt Securities raised their price objective on shares of Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Oppenheimer raised their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Daiwa Capital Markets began coverage on shares of Snowflake in a report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price objective for the company. Finally, Truist Financial cut their target price on shares of Snowflake from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 31st.

Insider Activity

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the transaction, the executive now directly owns 308,164 shares of the company's stock, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 364,342 shares of company stock worth $59,978,513. Corporate insiders own 7.80% of the company's stock.

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Snowflake during the first quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the 4th quarter valued at $29,000. CVA Family Office LLC increased its position 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 purchasing an additional 88 shares during the period. West Paces Advisors Inc. bought a new position in shares of Snowflake in the fourth quarter worth $31,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Snowflake in the fourth quarter worth $31,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake Price Performance

Shares of SNOW stock traded up $8.77 on Friday, hitting $149.00. 1,346,958 shares of the company's stock were exchanged, compared to its average volume of 6,391,218. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake has a 12 month low of $107.13 and a 12 month high of $194.40. The stock has a market cap of $49.18 billion, a P/E ratio of -43.95 and a beta of 1.13. The company has a 50 day moving average of $157.00 and a 200 day moving average of $155.02.

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.