Emily Ho Sells 2,599 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 2,599 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $210.07, for a total value of $545,971.93. Following the transaction, the chief accounting officer now owns 37,763 shares in the company, valued at approximately $7,932,873.41. This represents a 6.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, May 23rd, Emily Ho sold 5,027 shares of Snowflake stock. The stock was sold at an average price of $199.06, for a total value of $1,000,674.62.

Snowflake Stock Performance

Shares of SNOW stock opened at $208.14 on Friday. 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 business has a 50 day moving average of $176.54 and a two-hundred day moving average of $170.76. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $214.83. The company has a market cap of $69.49 billion, a P/E ratio of -61.40 and a beta of 1.21.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative return on equity of 24.23% and a negative net margin of 33.02%. Snowflake’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler restated an “overweight” rating and set a $215.00 price objective (up previously from $175.00) on shares of Snowflake in a research note on Wednesday, May 21st. Daiwa America upgraded Snowflake to a “strong-buy” rating in a research note on Tuesday, April 1st. Hsbc Global Res cut Snowflake from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 22nd. Stifel Nicolaus lifted their target price on Snowflake from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Snowflake in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.50.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new position in shares of Snowflake during the first quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the fourth quarter worth approximately $29,000. CVA Family Office LLC boosted its position in shares of Snowflake by 80.0% during the first quarter. CVA Family Office LLC now owns 198 shares of the company’s stock worth $29,000 after buying an additional 88 shares during the period. West Paces Advisors Inc. acquired a new position in shares of Snowflake during the fourth quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Snowflake during the fourth quarter worth approximately $31,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.