Michael L. Speiser Sells 403 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the sale, the director now directly owns 26,375 shares of the company’s stock, valued at $3,408,968.75. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Snowflake Price Performance

Snowflake stock opened at $151.42 on Thursday. The stock’s fifty day moving average price is $164.81 and its two-hundred day moving average price is $153.09. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $49.98 billion, a PE ratio of -44.67 and a beta of 1.13.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in SNOW. Fulton Bank N.A. increased its stake in shares of Snowflake by 40.3% in the 1st quarter. Fulton Bank N.A. now owns 1,964 shares of the company’s stock valued at $287,000 after purchasing an additional 564 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Snowflake by 464.7% in the 1st quarter. Merit Financial Group LLC now owns 18,019 shares of the company’s stock valued at $2,634,000 after purchasing an additional 14,828 shares during the last quarter. Lbmc Investment Advisors LLC increased its stake in shares of Snowflake by 37.0% in the 1st quarter. Lbmc Investment Advisors LLC now owns 4,328 shares of the company’s stock valued at $633,000 after purchasing an additional 1,168 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Snowflake by 286.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,679 shares of the company’s stock valued at $245,000 after purchasing an additional 1,244 shares during the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Snowflake by 124,333.3% in the 1st quarter. NBC Securities Inc. now owns 3,733 shares of the company’s stock valued at $545,000 after purchasing an additional 3,730 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SNOW. Jefferies Financial Group cut their target price on Snowflake from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Needham & Company LLC raised their target price on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Oppenheimer raised their price target on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Rosenblatt Securities raised their price target on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, BTIG Research raised Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.84.

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.