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 business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at $7,303,489.20. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 Stock Down 3.0 %

Shares of Snowflake stock opened at $158.65 on Friday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year 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. The stock has a market cap of $52.37 billion, a price-to-earnings ratio of -46.80 and a beta of 1.02. The firm’s 50-day moving average is $147.90 and its two-hundred day moving average is $131.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SNOW shares. Scotiabank boosted their target price on Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. Citigroup lowered their target price on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Oppenheimer restated an “outperform” rating and issued a $180.00 price target on shares of Snowflake in a research report on Thursday, November 21st. DA Davidson reiterated a “buy” rating and set a $175.00 price objective on shares of Snowflake in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $185.03.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently modified their holdings of SNOW. Groupama Asset Managment purchased a new stake in Snowflake during the third quarter worth $25,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Snowflake during the 2nd quarter worth $27,000. V Square Quantitative Management LLC bought a new stake in Snowflake during the third quarter valued at about $30,000. Fortitude Family Office LLC purchased a new position in Snowflake in the third quarter valued at about $34,000. Finally, Larson Financial Group LLC raised its holdings in Snowflake by 81.3% in the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

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.