Emily Ho Sells 1,508 Shares of Snowflake Inc. (NYSE:SNOW) Stock

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

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

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

Snowflake Price Performance

NYSE:SNOW traded up $0.42 during trading hours on Thursday, hitting $163.48. The company’s stock had a trading volume of 2,672,600 shares, compared to its average volume of 6,734,063. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The business’s 50-day moving average is $146.23 and its two-hundred day moving average is $131.25. The company has a market capitalization of $53.96 billion, a PE ratio of -48.22 and a beta of 1.02.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SNOW shares. Bank of America increased 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, November 21st. 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 research note on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and set a $180.00 price target on shares of Snowflake in a report on Tuesday, November 19th. KeyCorp increased their price target on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $185.03.

Hedge Funds Weigh In On Snowflake

A number of large investors have recently made changes to their positions in the stock. Oddo BHF Asset Management Sas purchased a new position in Snowflake in the third quarter valued at about $12,145,000. Garde Capital Inc. increased its stake in Snowflake by 9.5% in the 3rd quarter. Garde Capital Inc. now owns 6,050 shares of the company’s stock valued at $695,000 after purchasing an additional 526 shares in the last quarter. Franklin Resources Inc. raised its holdings in Snowflake by 1.4% during the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock worth $66,086,000 after purchasing an additional 7,373 shares during the last quarter. Synovus Financial Corp grew its holdings in Snowflake by 28.6% in the third quarter. Synovus Financial Corp now owns 6,077 shares of the company’s stock valued at $698,000 after purchasing an additional 1,352 shares during the last quarter. Finally, Blankinship & Foster LLC purchased a new position in shares of Snowflake in the third quarter valued at $896,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

About Snowflake

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.