Snowflake Inc. (NYSE:SNOW) CAO Sells $246,060.36 in Stock

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 1,508 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Emily Ho also recently made the following trade(s):

• On Monday, November 25th, Emily Ho sold 2,021 shares of Snowflake stock. The shares were sold at an average price of $173.68, for a total value of $351,007.28.

Snowflake Stock Performance

Shares of NYSE SNOW traded up $0.42 during trading on Thursday, reaching $163.48. The stock had a trading volume of 2,672,600 shares, compared to its average volume of 6,734,063. 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 stock has a market cap of $53.96 billion, a PE ratio of -48.22 and a beta of 1.02. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The firm’s 50 day moving average price is $146.23 and its two-hundred day moving average price is $131.25.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently modified their holdings of the business. Groupama Asset Managment acquired a new stake in Snowflake during the third quarter worth about $25,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Snowflake during the 2nd quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new position in Snowflake during the 3rd quarter valued at approximately $34,000. Finally, Larson Financial Group LLC grew its stake in Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after buying an additional 152 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNOW has been the topic of a number of recent research reports. Argus initiated coverage on shares of Snowflake in a report on Tuesday, October 1st. They issued a “hold” rating on the stock. Citigroup decreased their price target on Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a research note on Monday, November 18th. Scotiabank increased their price objective on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Bank of America raised their target price on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, Wedbush lowered shares of Snowflake from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.03.

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.