2 weeks Ago By ABMN Staff
Snowflake ( NYSE:SNOW – Free Report ) had its target price trimmed by Wells Fargo & Company from $215.00 to $200.00 in a research note issued to investors on Tuesday, Benzinga reports.
The firm currently has an overweight rating on the stock. SNOW has been the topic of several other reports. Evercore ISI upped their price target on shares of Snowflake from $190.
00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Truist Financial dropped their target price on Snowflake from $225.
00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.
00 price target for the company in a report on Tuesday, February 18th. Stifel Nicolaus upped their price objective on Snowflake from $187.00 to $210.
00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Wedbush set a $210.00 target price on shares of Snowflake in a report on Wednesday, January 22nd.
Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.27.
View Our Latest Research Report on Snowflake Snowflake Stock Performance Insiders Place Their Bets In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.
25, for a total value of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares in the company, valued at approximately $3,408,968.
75. This represents a 1.50 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on 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 completion of the sale, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445.
This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 364,342 shares of company stock valued at $59,978,513 over the last ninety days. Company 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 stock. Jennison Associates LLC increased its holdings in Snowflake by 92.2% in the 4th quarter.
Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after purchasing an additional 3,662,671 shares during the last quarter. Norges Bank purchased a new position in Snowflake during the 4th quarter valued at about $988,950,000. FMR LLC grew its position in Snowflake by 84.
9% in the 4th quarter. FMR LLC now owns 6,108,123 shares of the company’s stock valued at $943,155,000 after acquiring an additional 2,805,425 shares in the last quarter. GQG Partners LLC purchased a new stake in Snowflake during the fourth quarter worth about $750,572,000.
Finally, Geode Capital Management LLC lifted its position in shares of Snowflake by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company’s stock worth $642,742,000 after purchasing an additional 15,314 shares in the last quarter.
65.10% of the stock is currently owned by institutional investors and hedge funds. 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 Stories Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter .
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