Barclays Increases Snowflake (NYSE:SNOW) Price Target to $190.00

Snowflake (NYSE:SNOW) had its price objective lifted by equities researchers at Barclays from $172.00 to $190.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 3.46% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a report on Friday, August 23rd. Mizuho raised their price objective on shares of Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Stifel Nicolaus decreased their price target on Snowflake from $200.00 to $168.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. DA Davidson restated a “buy” rating and set a $175.00 target price on shares of Snowflake in a report on Thursday, October 3rd. Finally, StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $182.31.

Snowflake Trading Up 0.3 %

Shares of SNOW opened at $183.64 on Friday. The stock has a 50 day simple moving average of $132.90 and a 200-day simple moving average of $129.33. The company has a current ratio of 1.88, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $60.62 billion, a PE ratio of -54.17 and a beta of 1.03. Snowflake has a 1 year low of $107.13 and a 1 year high of $237.72.

Insider Activity at Snowflake

In other news, insider Benoit Dageville sold 1,946 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total value of $222,602.94. Following the completion of the sale, the insider now owns 53,820 shares of the company’s stock, valued at approximately $6,156,469.80. This represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president now directly owns 691,755 shares of the company’s stock, valued at $124,515,900. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 294,278 shares of company stock valued at $47,825,233. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Snowflake

A number of large investors have recently added to or reduced their stakes in SNOW. LRI Investments LLC lifted its stake in Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares during the last quarter. Wellington Shields Capital Management LLC bought a new position in shares of Snowflake during the 2nd quarter worth approximately $27,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new stake in Snowflake in the 3rd quarter valued at $30,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Snowflake during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.