Insider Selling: Snowflake Inc. (NYSE:SNOW) CAO Sells $246,060.36 in Stock

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 1,508 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the sale, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Emily Ho also recently made the following trade(s):

• On Monday, November 25th, Emily Ho sold 2,021 shares of Snowflake stock. The shares were sold at an average price of $173.68, for a total value of $351,007.28.

Snowflake Price Performance

Shares of Snowflake stock opened at $158.65 on Friday. The stock has a market capitalization of $52.37 billion, a P/E ratio of -46.80 and a beta of 1.02. The business has a 50 day simple moving average of $147.90 and a two-hundred day simple moving average of $131.70. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC purchased a new stake in shares of Snowflake during the second quarter worth $27,000. Groupama Asset Managment purchased a new stake in Snowflake during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at about $30,000. Fortitude Family Office LLC acquired a new position in shares of Snowflake during the 3rd quarter worth approximately $34,000. Finally, Larson Financial Group LLC grew its position in shares of Snowflake by 81.3% in the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after purchasing an additional 152 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SNOW shares. Wedbush downgraded shares of Snowflake from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. UBS Group lowered their price objective on shares of Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Truist Financial reissued a “buy” rating and issued a $210.00 target price on shares of Snowflake in a research report on Thursday, November 21st. DA Davidson reaffirmed a “buy” rating and set a $175.00 price target on shares of Snowflake in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company increased their price objective on Snowflake from $125.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.03.

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.