Snowflake Inc. (NYSE:SNOW) CAO Emily Ho Sells 6,500 Shares of Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) CAO Emily Ho sold 6,500 shares of Snowflake stock in a transaction on Friday, May 24th. The shares were sold at an average price of $158.36, for a total value of $1,029,340.00. Following the completion of the sale, the chief accounting officer now directly owns 36,076 shares of the company’s stock, valued at $5,712,995.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Emily Ho also recently made the following trade(s):

  • On Monday, March 18th, Emily Ho sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $156.98, for a total value of $235,470.00.

Snowflake Stock Down 3.5 %

Shares of NYSE SNOW opened at $150.75 on Wednesday. The firm’s 50-day moving average price is $156.88 and its two-hundred day moving average price is $180.39. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72. The stock has a market capitalization of $50.38 billion, a P/E ratio of -53.84 and a beta of 0.90.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.54%. The company had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. As a group, equities research analysts expect that Snowflake Inc. will post -1.83 earnings per share for the current year.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent research reports. Sanford C. Bernstein lifted their target price on Snowflake from $171.00 to $185.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Citigroup decreased their target price on Snowflake from $290.00 to $240.00 and set a “buy” rating for the company in a report on Monday, March 4th. Truist Financial decreased their target price on Snowflake from $250.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $175.00 price target (down from $230.00) on shares of Snowflake in a report on Thursday, February 29th. Finally, Royal Bank of Canada decreased their price target on Snowflake from $246.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $200.64.

Check Out Our Latest Analysis on Snowflake

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC grew its position in Snowflake by 5.7% in the third quarter. Yousif Capital Management LLC now owns 2,972 shares of the company’s stock worth $454,000 after buying an additional 160 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Snowflake by 3.3% in the 3rd quarter. Victory Capital Management Inc. now owns 335,916 shares of the company’s stock valued at $51,318,000 after purchasing an additional 10,592 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Snowflake by 43.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 47,209 shares of the company’s stock valued at $7,212,000 after purchasing an additional 14,242 shares during the last quarter. PFG Investments LLC raised its holdings in Snowflake by 27.2% in the 3rd quarter. PFG Investments LLC now owns 1,795 shares of the company’s stock worth $274,000 after acquiring an additional 384 shares during the period. Finally, Sigma Planning Corp raised its holdings in Snowflake by 16.3% in the 3rd quarter. Sigma Planning Corp now owns 1,520 shares of the company’s stock worth $232,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

About Snowflake

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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