Snowflake (NYSE:SNOW) Price Target Raised to $210.00 at UBS Group

Snowflake (NYSE:SNOW - Get Free Report) had its price target raised by research analysts at UBS Group from $200.00 to $210.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 17.13% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. StockNews.com raised shares of Snowflake from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup lifted their price objective on shares of Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Evercore ISI increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. DA Davidson decreased their price target on shares of Snowflake from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Bank of America increased their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and a consensus target price of $202.11.

Snowflake Trading Down 2.0%

Shares of SNOW opened at $179.28 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake has a 52-week low of $107.13 and a 52-week high of $201.10. The firm has a market cap of $59.18 billion, a price-to-earnings ratio of -52.89 and a beta of 1.11. The business's fifty day moving average is $157.35 and its 200-day moving average is $162.37.

Insider Buying and Selling

In other news, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the transaction, the chief financial officer now owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. This represents a 50.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the sale, the director now directly owns 26,375 shares in the company, valued at approximately $3,408,968.75. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Opal Wealth Advisors LLC purchased a new stake in Snowflake in the first quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake in the 4th quarter worth approximately $29,000. CVA Family Office LLC increased its position in Snowflake by 80.0% during the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after purchasing an additional 88 shares during the period. West Paces Advisors Inc. bought a new position in Snowflake in the fourth quarter worth about $31,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Snowflake in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

About Snowflake

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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