Snowflake (NYSE:SNOW) Price Target Raised to $228.00 at Cantor Fitzgerald

Snowflake (NYSE:SNOW) had its price target lifted by equities research analysts at Cantor Fitzgerald from $201.00 to $228.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 25.01% from the stock’s current price.

A number of other equities analysts also recently issued reports on SNOW. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Wolfe Research upgraded Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a research report on Tuesday, February 18th. Rosenblatt Securities raised their target price on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group upped their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Citigroup raised their price objective on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.35.

Snowflake Stock Performance

Shares of Snowflake stock traded up $16.19 on Thursday, reaching $182.38. 12,413,905 shares of the stock were exchanged, compared to its average volume of 5,624,672. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $60.20 billion, a PE ratio of -53.93 and a beta of 1.07. Snowflake has a 1-year low of $107.13 and a 1-year high of $233.88. The business has a fifty day moving average price of $172.79 and a two-hundred day moving average price of $144.94.

Insider Buying and Selling

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 stock was sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now owns 308,164 shares in the company, valued at $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the sale, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,810 shares of company stock valued at $63,340,544. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Snowflake

A number of institutional investors and hedge funds have recently bought and sold shares of SNOW. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the fourth quarter worth $29,000. West Paces Advisors Inc. purchased a new stake in Snowflake during the 4th quarter worth $31,000. Spurstone Advisory Services LLC purchased a new stake in Snowflake during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Snowflake in the 4th quarter worth $31,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in Snowflake in the 4th quarter valued at about $32,000. 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.