UBS Group Boosts Snowflake (NYSE:SNOW) Price Target to $190.00

by · The Markets Daily

Snowflake (NYSE:SNOW – Free Report) had its target price raised by UBS Group from $155.00 to $190.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages have also weighed in on SNOW. Evercore ISI upped their price objective on shares of Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Loop Capital boosted their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Scotiabank boosted their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada boosted their target price on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $192.89.

Check Out Our Latest Report on SNOW

Snowflake Price Performance

Shares of NYSE SNOW opened at $177.79 on Wednesday. The firm’s 50-day moving average price is $172.88 and its 200-day moving average price is $143.76. Snowflake has a 1-year low of $107.13 and a 1-year high of $235.66. The firm has a market capitalization of $58.69 billion, a P/E ratio of -52.45 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the transaction, the chief accounting officer now owns 26,874 shares in the company, valued at $4,667,476.32. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 394,345 shares of company stock valued at $67,286,835. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after purchasing an additional 7,239 shares in the last quarter. Prospect Financial Services LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $288,000. Independent Advisor Alliance boosted its stake in shares of Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after purchasing an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock valued at $104,028,000 after purchasing an additional 8,857 shares in the last quarter. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $5,851,000. Hedge funds and other institutional investors 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.

Featured Articles