Loop Capital Increases Snowflake (NYSE:SNOW) Price Target to $205.00

Snowflake (NYSE:SNOW) had its price target raised by equities research analysts at Loop Capital from $185.00 to $205.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 25.72% from the company’s previous close.

SNOW has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on shares of Snowflake from $125.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Evercore ISI increased their target price on Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Needham & Company LLC upped their price objective on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Citigroup dropped their price objective on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Finally, Mizuho upped their target price on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.03.

Snowflake Stock Up 1.0 %

SNOW opened at $163.06 on Monday. Snowflake has a one year low of $107.13 and a one year high of $237.72. The company has a market cap of $53.83 billion, a price-to-earnings ratio of -48.10 and a beta of 1.02. The business’s fifty day moving average is $144.54 and its two-hundred day moving average is $130.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 861 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $165.31, for a total value of $142,331.91. Following the completion of the transaction, the executive vice president now directly owns 582,930 shares of the company’s stock, valued at $96,364,158.30. This represents a 0.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher William Degnan sold 76,692 shares of Snowflake stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $168.42, for a total value of $12,916,466.64. Following the sale, the executive now directly owns 346,741 shares in the company, valued at approximately $58,398,119.22. The trade was a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 292,614 shares of company stock valued at $48,389,953. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently made changes to their positions in the business. Groupama Asset Managment acquired a new position in shares of Snowflake in the 3rd quarter worth approximately $25,000. Wellington Shields Capital Management LLC bought a new position in Snowflake in the second quarter worth about $27,000. V Square Quantitative Management LLC bought a new position in shares of Snowflake during the third quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $34,000. Finally, Larson Financial Group LLC raised its position in shares of Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares during the period. 65.10% of the stock is 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.