Snowflake Inc. (NYSE:SNOW) CRO Christopher William Degnan Sells 76,692 Shares

Snowflake Inc. (NYSE:SNOW) CRO Christopher William Degnan sold 76,692 shares of the business’s 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 completion of the sale, the executive now directly owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This represents a 18.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Snowflake Price Performance

Shares of SNOW traded up $4.16 on Monday, hitting $171.60. The company’s stock had a trading volume of 15,240,402 shares, compared to its average volume of 6,812,997. The company has a market capitalization of $57.52 billion, a PE ratio of -50.62 and a beta of 0.83. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The company has a 50 day moving average price of $121.23 and a 200 day moving average price of $127.91.

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC increased its stake in shares of Snowflake by 26.1% in the first quarter. ProShare Advisors LLC now owns 1,424 shares of the company’s stock valued at $230,000 after buying an additional 295 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Snowflake by 132.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 5,810 shares of the company’s stock worth $939,000 after acquiring an additional 3,310 shares during the last quarter. Gabelli Funds LLC acquired a new stake in Snowflake in the 1st quarter valued at about $238,000. LRI Investments LLC bought a new position in shares of Snowflake in the first quarter worth about $29,000. Finally, BOKF NA lifted its position in shares of Snowflake by 1,424.9% during the first quarter. BOKF NA now owns 7,960 shares of the company’s stock worth $1,278,000 after purchasing an additional 7,438 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SNOW. Needham & Company LLC raised their price objective on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a report on Thursday. Bank of America lifted their target price on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group upped their price target on shares of Snowflake from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. Finally, JMP Securities dropped their price objective on Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.09.

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.