Michael L. Speiser Sells 403 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $168.01, for a total transaction of $67,708.03. Following the sale, the director now owns 25,972 shares of the company’s stock, valued at $4,363,555.72. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Snowflake Stock Performance

SNOW opened at $170.66 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $56.34 billion, a price-to-earnings ratio of -50.34 and a beta of 1.11. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The business has a 50 day moving average of $153.27 and a 200-day moving average of $157.99.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Oppenheimer upped their price objective on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Wolfe Research upgraded shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a research report on Tuesday, February 18th. Daiwa America upgraded shares of Snowflake to a “strong-buy” rating in a report on Tuesday, April 1st. Stifel Nicolaus increased their target price on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price target on shares of Snowflake from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $200.28.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently added to or reduced their stakes in the business. Kirtland Hills Capital Management LLC raised its position in shares of Snowflake by 30.8% in the first quarter. Kirtland Hills Capital Management LLC now owns 20,820 shares of the company’s stock valued at $2,986,000 after purchasing an additional 4,900 shares during the period. Meeder Advisory Services Inc. raised its holdings in Snowflake by 11.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 5,396 shares of the company’s stock valued at $789,000 after acquiring an additional 534 shares during the period. Fiera Capital Corp lifted its position in Snowflake by 21.8% during the first quarter. Fiera Capital Corp now owns 33,607 shares of the company’s stock worth $4,912,000 after acquiring an additional 6,016 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Snowflake by 35.3% during the first quarter. Ramirez Asset Management Inc. now owns 1,150 shares of the company’s stock worth $168,000 after acquiring an additional 300 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Snowflake by 33.8% in the first quarter. Mackenzie Financial Corp now owns 26,695 shares of the company’s stock valued at $3,902,000 after purchasing an additional 6,739 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.