Snowflake (NYSE:SNOW) Given New $220.00 Price Target at Jefferies Financial Group

Snowflake (NYSE:SNOW) had its price objective raised by Jefferies Financial Group from $200.00 to $220.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on SNOW. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Tuesday. Oppenheimer increased their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $200.00 in a report on Tuesday, January 7th. Loop Capital upped their price target on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, TD Cowen lifted their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $192.89.

Snowflake Stock Down 3.9 %

Shares of Snowflake stock opened at $177.79 on Friday. Snowflake has a 1 year low of $107.13 and a 1 year high of $235.66. The company has a market cap of $58.69 billion, a P/E ratio of -52.45 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $172.88 and a 200 day moving average price of $143.76.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 394,345 shares of company stock worth $67,286,835. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of Snowflake

Large investors have recently bought and sold shares of the stock. Groupama Asset Managment bought a new position in shares of Snowflake during the third quarter valued at $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake during the 4th quarter worth about $29,000. West Paces Advisors Inc. acquired a new stake in shares of Snowflake during the 4th quarter worth about $31,000. Spurstone Advisory Services LLC bought a new position in Snowflake during the 4th quarter valued at about $31,000. Finally, Quadrant Capital Group LLC boosted its position in Snowflake by 74.6% in the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 91 shares in the last quarter. 65.10% of the stock is currently owned by 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.