Snowflake (NYSE:SNOW) Price Target Raised to $215.00 at Loop Capital

Snowflake (NYSE:SNOW) had its price target upped by Loop Capital from $205.00 to $215.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Needham & Company LLC boosted their price target on Snowflake from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Rosenblatt Securities raised their price target on shares of Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. KeyCorp boosted their price objective on shares of Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday. Piper Sandler lifted their target price on Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BTIG Research upgraded Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $202.92.

Snowflake Trading Up 1.8 %

NYSE:SNOW opened at $176.76 on Thursday. The business’s 50-day moving average is $173.19 and its two-hundred day moving average is $145.64. The firm has a market capitalization of $58.35 billion, a PE ratio of -52.14 and a beta of 1.07. Snowflake has a 12 month low of $107.13 and a 12 month 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.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total value of $99,882.00. Following the completion of the sale, the executive vice president now owns 690,647 shares in the company, valued at $123,625,813. This represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now owns 308,164 shares in the company, valued at approximately $56,045,786.68. This represents a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 312,193 shares of company stock worth $52,833,048. 7.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Asset Dedication LLC grew its stake in shares of Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after buying an additional 59 shares in the last quarter. Quarry LP lifted its stake in Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company’s stock valued at $102,000 after acquiring an additional 59 shares during the last quarter. Breakwater Capital Group grew its position in Snowflake by 2.2% in the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock worth $317,000 after purchasing an additional 65 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock valued at $2,077,000 after purchasing an additional 69 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

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.