Snowflake (NYSE:SNOW) Price Target Raised to $200.00

Snowflake (NYSE:SNOW) had its price objective increased by Oppenheimer from $180.00 to $200.00 in a research report sent to investors on Monday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on the company. TD Cowen raised their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Evercore ISI increased their price objective on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Scotiabank lifted their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Citigroup cut their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $187.69.

Snowflake Stock Performance

Snowflake stock opened at $165.96 on Monday. Snowflake has a twelve month low of $107.13 and a twelve month high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s 50 day moving average is $158.33 and its 200 day moving average is $134.37.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the transaction, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 376,904 shares of company stock valued at $62,545,855 over the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Snowflake

Several hedge funds have recently modified their holdings of SNOW. Perkins Coie Trust Co grew its stake in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Clarius Group LLC grew its position in shares of Snowflake by 93.9% during the fourth quarter. Clarius Group LLC now owns 35,631 shares of the company’s stock valued at $5,502,000 after purchasing an additional 17,257 shares in the last quarter. Joule Financial LLC purchased a new position in shares of Snowflake during the fourth quarter valued at about $468,000. HB Wealth Management LLC purchased a new stake in shares of Snowflake in the fourth quarter worth about $397,000. Finally, Westend Capital Management LLC purchased a new position in Snowflake during the 4th quarter valued at approximately $10,550,000. Hedge funds and other institutional investors 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.