Snowflake (NYSE:SNOW – Get Rating) was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other research analysts have also commented on SNOW. Morgan Stanley dropped their price objective on shares of Snowflake from $355.00 to $322.00 and set an “overweight” rating on the stock in a research note on Thursday, May 19th. Zacks Investment Research downgraded shares of Snowflake from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Mizuho lowered their target price on shares of Snowflake from $370.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. BNP Paribas downgraded shares of Snowflake from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a report on Tuesday, March 29th. Finally, Canaccord Genuity Group decreased their price objective on shares of Snowflake from $360.00 to $210.00 in a report on Thursday, March 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Snowflake has an average rating of “Buy” and an average target price of $283.67.
SNOW stock opened at $138.85 on Tuesday. The company has a market cap of $43.68 billion, a price-to-earnings ratio of -60.90 and a beta of 1.80. Snowflake has a 12 month low of $126.01 and a 12 month high of $405.00. The firm has a 50-day moving average of $190.46 and a two-hundred day moving average of $265.98.
In other Snowflake news, Director Michael L. Speiser sold 750,000 shares of the firm’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $222.18, for a total value of $166,635,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Glassman Wealth Services boosted its stake in shares of Snowflake by 233.3% in the 4th quarter. Glassman Wealth Services now owns 80 shares of the company’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. PrairieView Partners LLC raised its holdings in Snowflake by 66.7% during the 4th quarter. PrairieView Partners LLC now owns 100 shares of the company’s stock worth $34,000 after purchasing an additional 40 shares during the last quarter. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Snowflake in the 4th quarter valued at about $34,000. KRS Capital Management LLC bought a new stake in shares of Snowflake in the 4th quarter valued at about $33,000. Finally, GW&K Investment Management LLC bought a new stake in shares of Snowflake in the 4th quarter valued at about $34,000. 76.67% of the stock is currently owned by institutional investors.
Snowflake Company Profile (Get Rating)
Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.
Further Reading
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