Emily Ho Sells 3,845 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 3,845 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $130.39, for a total value of $501,349.55. Following the transaction, the chief accounting officer now owns 30,613 shares in the company, valued at $3,991,629.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, May 24th, Emily Ho sold 6,500 shares of Snowflake stock. The stock was sold at an average price of $158.36, for a total value of $1,029,340.00.

Snowflake Price Performance

NYSE SNOW opened at $135.13 on Friday. Snowflake Inc. has a 1 year low of $122.60 and a 1 year high of $237.72. The company has a market capitalization of $45.24 billion, a PE ratio of -48.26 and a beta of 0.85. The company has a fifty day moving average of $145.74 and a two-hundred day moving average of $173.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.40). Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. The company had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. On average, research analysts expect that Snowflake Inc. will post -2.28 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Snowflake from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Stifel Nicolaus decreased their price objective on Snowflake from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Robert W. Baird decreased their price objective on Snowflake from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Bank of America reiterated a “neutral” rating and issued a $200.00 price objective on shares of Snowflake in a report on Wednesday, June 12th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $125.00 target price (down previously from $180.00) on shares of Snowflake in a research report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.03.

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.