Snowflake (NYSE:SNOW) PT Raised to $190.00

Snowflake (NYSE:SNOW) had its price target upped by UBS Group from $185.00 to $190.00 in a report issued on Thursday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

SNOW has been the subject of a number of other reports. Barclays reduced their target price on shares of Snowflake from $198.00 to $188.00 and set an equal weight rating for the company in a report on Friday, March 1st. Citigroup reduced their price objective on shares of Snowflake from $290.00 to $240.00 and set a buy rating for the company in a research note on Monday, March 4th. Morgan Stanley reissued an equal weight rating and set a $175.00 price objective (down previously from $230.00) on shares of Snowflake in a report on Thursday, February 29th. JPMorgan Chase & Co. increased their target price on shares of Snowflake from $170.00 to $185.00 and gave the company an overweight rating in a report on Thursday. Finally, Guggenheim raised Snowflake from a sell rating to a neutral rating in a research note on Friday, March 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Snowflake presently has an average rating of Moderate Buy and an average price target of $200.64.

Snowflake Stock Up 1.0 %

Shares of SNOW opened at $156.16 on Thursday. Snowflake has a 52-week low of $138.40 and a 52-week high of $237.72. The stock has a 50 day moving average price of $157.03 and a 200 day moving average price of $180.46. The company has a market capitalization of $52.19 billion, a price-to-earnings ratio of -55.77 and a beta of 0.90.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative return on equity of 15.54% and a negative net margin of 30.80%. The company had revenue of $774.70 million during the quarter, compared to analysts’ expectations of $759.86 million. On average, equities analysts anticipate that Snowflake will post -1.83 EPS for the current fiscal year.

Insider Transactions at Snowflake

In related news, CAO Emily Ho sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were 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 owns 28,393 shares of the company’s stock, valued at $4,457,133.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Grzegorz Czajkowski sold 683 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the transaction, the executive vice president now directly owns 86,208 shares in the company, valued at approximately $13,915,695.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Emily Ho sold 1,500 shares of Snowflake stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,393 shares in the company, valued at $4,457,133.14. The disclosure for this sale can be found here. Insiders have sold a total of 62,380 shares of company stock worth $9,803,625 in the last three months. Company insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Accent Capital Management LLC acquired a new stake in shares of Snowflake in the fourth quarter worth $25,000. LRI Investments LLC purchased a new stake in Snowflake during the 1st quarter worth $29,000. FinTrust Capital Advisors LLC increased its holdings in Snowflake by 193.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Riverview Trust Co purchased a new position in Snowflake in the first quarter valued at about $31,000. Finally, Provence Wealth Management Group acquired a new position in shares of Snowflake during the third quarter worth about $30,000. 65.10% of the stock is owned by institutional investors and hedge funds.

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.