Snowflake Inc. (NYSE:SNOW) CAO Emily Ho Sells 2,021 Shares

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 2,021 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Snowflake Price Performance

Shares of Snowflake stock traded up $2.34 during trading hours on Wednesday, hitting $173.62. The company’s stock had a trading volume of 6,959,448 shares, compared to its average volume of 6,817,471. The business has a 50 day moving average price of $122.43 and a two-hundred day moving average price of $128.01. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $175.00 price objective on shares of Snowflake in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. HSBC upgraded Snowflake from a “reduce” rating to a “hold” rating and raised their target price for the company from $119.00 to $121.00 in a research note on Friday, August 23rd. Finally, Monness Crespi & Hardt raised their target price on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.09.

Hedge Funds Weigh In On Snowflake

Several large investors have recently made changes to their positions in SNOW. LRI Investments LLC lifted its position in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Snowflake in the third quarter valued at about $25,000. Wellington Shields Capital Management LLC purchased a new position in shares of Snowflake in the second quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new position in shares of Snowflake in the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Snowflake in the third quarter worth about $34,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

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.