Snowflake (NYSE:SNOW) Given New $220.00 Price Target at Jefferies Financial Group

Snowflake (NYSE:SNOW) had its target price hoisted by investment analysts at Jefferies Financial Group from $200.00 to $220.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 18.69% from the company’s previous close.

SNOW has been the topic of several other reports. Mizuho boosted their target price on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Bank of America increased their price objective on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Cowen lifted their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price target on shares of Snowflake in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald assumed coverage on shares of Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.62.

Snowflake Trading Down 0.6 %

Shares of SNOW opened at $185.35 on Friday. The business’s 50-day moving average price is $172.68 and its 200 day moving average price is $143.31. The stock has a market capitalization of $61.18 billion, a P/E ratio of -54.68 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake has a 1-year low of $107.13 and a 1-year high of $235.66.

Insiders Place Their Bets

In related news, CAO Emily Ho sold 2,021 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the transaction, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at $4,667,476.32. This trade represents a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 20,514 shares of Snowflake stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $175.26, for a total transaction of $3,595,283.64. Following the sale, the director now owns 208,735 shares in the company, valued at $36,582,896.10. This represents a 8.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 394,345 shares of company stock worth $67,286,835 in the last ninety days. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Groupama Asset Managment bought a new stake in Snowflake in the third quarter valued at about $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake during the fourth quarter valued at approximately $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake in the 4th quarter valued at approximately $31,000. Spurstone Advisory Services LLC acquired a new position in shares of Snowflake in the 4th quarter worth approximately $31,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Snowflake by 74.6% during the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock worth $33,000 after buying an additional 91 shares during the period. 65.10% of the stock is owned by institutional investors.

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.