Snowflake (NYSE:SNOW) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Snowflake (NYSE:SNOW) to a strong-buy rating in a report released on Thursday morning, MarketBeat.com reports. They currently have $201.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group boosted their target price on Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Evercore ISI upped their price objective on Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Needham & Company LLC upped their price objective on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 21st. DA Davidson reiterated a “buy” rating and issued a $175.00 price objective on shares of Snowflake in a report on Thursday, October 3rd. Finally, Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Trading Up 1.9 %

SNOW stock opened at $170.89 on Thursday. The company has a market cap of $56.41 billion, a P/E ratio of -50.41 and a beta of 1.05. Snowflake has a twelve month low of $107.13 and a twelve month high of $237.72. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $161.11 and a 200-day moving average of $135.02.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 100,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the sale, the director now owns 195,281 shares of the company’s stock, valued at $30,268,555. This represents a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the sale, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 376,904 shares of company stock worth $62,545,855. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Large investors have recently modified their holdings of the business. Toronto Dominion Bank boosted its holdings in shares of Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after purchasing an additional 7,239 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Snowflake by 15.5% in the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after purchasing an additional 548 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Snowflake by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after purchasing an additional 7,373 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Snowflake by 174.8% during the 4th quarter. Diversified Trust Co now owns 4,906 shares of the company’s stock valued at $758,000 after acquiring an additional 3,121 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. acquired a new stake in shares of Snowflake during the 4th quarter valued at $240,000. 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.