Snowflake (NYSE:SNOW) Given New $190.00 Price Target at Deutsche Bank Aktiengesellschaft

Snowflake (NYSE:SNOW) had its price target upped by Deutsche Bank Aktiengesellschaft from $180.00 to $190.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on SNOW. Jefferies Financial Group increased their target price on shares of Snowflake from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday. Loop Capital lowered their price objective on shares of Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Oppenheimer restated an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $185.00 target price (up from $165.00) on shares of Snowflake in a report on Thursday. Finally, Monness Crespi & Hardt increased their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.23.

Snowflake Trading Down 2.3 %

Snowflake stock opened at $167.44 on Thursday. The firm has a market capitalization of $56.13 billion, a PE ratio of -49.39 and a beta of 0.83. The firm has a 50-day moving average price of $120.06 and a 200-day moving average price of $127.80. Snowflake has a 12-month low of $107.13 and a 12-month high of $237.72.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares in the company, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 6,251 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total transaction of $715,051.89. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at approximately $23,877,196.65. This represents a 2.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,538 shares of company stock worth $7,061,544. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its position in shares of Snowflake by 25.0% during the first quarter. Covestor Ltd now owns 350 shares of the company’s stock worth $57,000 after acquiring an additional 70 shares during the last quarter. Modus Advisors LLC increased its position in shares of Snowflake by 3.9% during the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after acquiring an additional 94 shares in the last quarter. Catalyst Private Wealth LLC lifted its holdings in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares in the last quarter. Iron Gate Global Advisors LLC raised its holdings in shares of Snowflake by 0.9% in the first quarter. Iron Gate Global Advisors LLC now owns 11,666 shares of the company’s stock valued at $1,878,000 after purchasing an additional 105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Snowflake by 30.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock worth $72,000 after buying an additional 108 shares during the last quarter. 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.