Snowflake (SNOW) has been reaffirmed its ‘neutral’ rating on Wedbush.

Wedbush maintained its neutral rating on the company’s shares Snowflake (NYSE:SNOW – Free Report) – according to Benzinga, in a report published on Wednesday morning. The brokerage currently has a price target of $210.00 for the stock.

SNOW has been the subject of many other reports. BNP Paribas upgraded Snowflake from neutral to outperform and set a price target for the company at $200.00 in a report issued on Thursday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of Snowflake from $200.00 to $170.00 and set an “overperform” rating for the company in a research note on Thursday, February 29th. On Thursday, May 16, StockNews.com upgraded Snowflake’s stock from a sell rating to a hold rating. On Thursday, February 29, HSBC confirmed a reduce rating on Snowflake shares. Finally, UBS Group increased their target price on shares of Snowflake from $185.00 to $225.00 and gave the company a Neutral rating in a research note on Thursday, February 22nd. Two equity analysts rated the company with a sell rating, nine issued a hold rating, and twenty-three gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $201.69.

Check out our latest snowflake research report

Snowflake trade increase by 0.4%

On Wednesday, NYSE SNOW shares closed at $163.29. Snowflake has a twelve month low of $138.40 and a twelve month high of $237.72. The company’s market capitalization is $54.57 billion, its price-to-earnings ratio is -64.04 and its beta is 0.90. The company has a 50-day moving average of $157.13 and a two-hundred-day moving average of $180.26.

Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. The company had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. As a group, analysts predict that Snowflake will post earnings per share of -1.83 for the current year.

Snowflake buying and selling insider

In other Snowflake news, Director Mark D. Mclaughlin acquired 3,030 shares of Snowflake stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $165.45 per share, for a total value of $501,313.50. Following the completion of the transaction, the director now owns 11,687 shares of the company’s stock, valued at $1,933,614.15. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other Snowflake news, Director Mark D. Mclaughlin acquired 3,030 shares of Snowflake stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $165.45 per share, for a total value of $501,313.50. Following the completion of the transaction, the director now owns 11,687 shares of the company’s stock, valued at $1,933,614.15. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, insider Benoit Dageville sold 8,515 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $156.25 for a total value of $1,330,468.75. Following the completion of the sale, the insider now directly owns 55,216 shares of the company’s stock valued at $8,627,500. The announcement of this sale can be found here. Over the last 90 days, insiders have sold a total of 62,380 shares of company stock worth $9,803,625. Insiders own 8.30% of the company’s shares.

Institutional inflows and outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cigna Investments Inc. New increased its position in Snowflake by 1.6% in the fourth quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after purchasing an additional 51 shares during the period. E&G Advisors LP raised its position in Snowflake by 3.0% during the fourth quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock valued at $352,000 after purchasing an additional 51 shares during the period. Commerce Bank raised its position in Snowflake by 0.8% in the fourth quarter. Commerce Bank now owns 6,138 shares of the company’s stock valued at $1,221,000 after purchasing an additional 51 shares during the period. Parkside Financial Bank & Trust increased its position in Snowflake by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after purchasing an additional 52 shares during the period. Finally, Valley National Advisers Inc. increased its position in Snowflake by 18.1% in the fourth quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock worth $68,000 after purchasing an additional 53 shares during the period. Institutional investors hold 65.10% of the shares.

About Snowflake

(Get the free report)

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and around the world. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to derive meaningful business insights, build data-driven applications and share data and data products, and apply artificial intelligence (AI) to solve business problems.

Snowflake trade increase by 0.4%

Snowflake buying and selling insider

Institutional inflows and outflows

About Snowflake

See also