KeyCorp Issues Positive Forecast for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its price target upped by KeyCorp from $210.00 to $220.00 in a research note published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group upped their target price on shares of Snowflake from $155.00 to $190.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Piper Sandler upped their target price on shares of Snowflake from $208.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group upped their price target on shares of Snowflake from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald upped their price target on shares of Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.92.

Snowflake Price Performance

Shares of SNOW stock opened at $176.76 on Thursday. The company has a market capitalization of $58.35 billion, a PE ratio of -52.14 and a beta of 1.07. The firm has a fifty day simple moving average of $173.19 and a 200-day simple moving average of $145.64. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake has a twelve month low of $107.13 and a twelve month high of $194.40.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,193 shares of company stock worth $52,833,048 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake in the fourth quarter worth about $29,000. West Paces Advisors Inc. acquired a new position in shares of Snowflake in the fourth quarter worth about $31,000. Spurstone Advisory Services LLC acquired a new position in shares of Snowflake in the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Snowflake in the fourth quarter worth about $31,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Snowflake in the fourth quarter worth about $32,000. 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.