Snowflake Inc. (NYSE:SNOW) Director Michael L. Speiser Purchases 76,200 Shares of Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) Director Michael L. Speiser acquired 76,200 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average price of $131.09 per share, with a total value of $9,989,058.00. Following the completion of the transaction, the director now directly owns 1,632,225 shares of the company’s stock, valued at approximately $213,968,375.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Snowflake Stock Down 3.4 %

Shares of Snowflake stock opened at $126.76 on Tuesday. The company has a market cap of $42.44 billion, a PE ratio of -45.27 and a beta of 0.85. The business has a 50 day moving average of $152.56 and a 200 day moving average of $178.58. Snowflake Inc. has a 52 week low of $125.89 and a 52 week high of $237.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale increased its position in shares of Snowflake by 23.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 227,100 shares of the company’s stock valued at $37,484,000 after buying an additional 43,062 shares during the period. Cota Capital Management LLC purchased a new position in shares of Snowflake during the 1st quarter worth approximately $980,000. Garde Capital Inc. grew its holdings in shares of Snowflake by 148.6% during the 1st quarter. Garde Capital Inc. now owns 5,158 shares of the company’s stock worth $833,000 after acquiring an additional 3,083 shares during the period. Cetera Advisors LLC raised its position in shares of Snowflake by 76.5% in the 1st quarter. Cetera Advisors LLC now owns 28,831 shares of the company’s stock worth $4,659,000 after acquiring an additional 12,497 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Snowflake by 201.5% in the 1st quarter. Cetera Investment Advisers now owns 63,688 shares of the company’s stock valued at $10,292,000 after purchasing an additional 42,563 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SNOW. Barclays raised their price target on shares of Snowflake from $188.00 to $191.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd. Rosenblatt Securities restated a “buy” rating and issued a $195.00 target price on shares of Snowflake in a research note on Thursday, June 6th. Macquarie dropped their price target on Snowflake from $205.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. HSBC restated a “reduce” rating on shares of Snowflake in a research report on Thursday, February 29th. Finally, Monness Crespi & Hardt upgraded shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $198.92.

Check Out Our Latest Research Report on SNOW

Snowflake Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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