Snowflake Inc. (NYSE:SNOW) CAO Sells $351,007.28 in Stock

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Snowflake Stock Up 1.4 %

SNOW stock opened at $173.70 on Friday. The firm’s 50-day moving average is $124.88 and its 200 day moving average is $128.64. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SNOW shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $175.00 price target on shares of Snowflake in a report on Thursday, August 22nd. Hsbc Global Res raised shares of Snowflake from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 23rd. Loop Capital lowered their price target on Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. UBS Group cut their price objective on Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, Argus began coverage on Snowflake in a report on Tuesday, October 1st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $181.09.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. LRI Investments LLC raised its stake in Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 112 shares during the last quarter. Groupama Asset Managment acquired a new stake in shares of Snowflake during the 3rd quarter valued at about $25,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Snowflake in the second quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new stake in Snowflake in the 3rd quarter worth $30,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Snowflake during the 3rd quarter worth about $34,000. 65.10% of the stock is owned by institutional investors.

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.