1 day Ago By Defense World Staff
Snowflake ( NYSE:SNOW – Get Free Report ) had its target price decreased by stock analysts at Citigroup from $200.00 to $183.00 in a note issued to investors on Monday, Benzinga reports.
The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 40.49% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company cut their price target on Snowflake from $130.00 to $125.
00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. KeyCorp dropped their price target on Snowflake from $168.00 to $150.
00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Evercore ISI reduced their price objective on shares of Snowflake from $225.00 to $170.
00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Needham & Company LLC decreased their price target on Snowflake from $210.00 to $160.
00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group lowered their target price on Snowflake from $160.00 to $145.
00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $171.
59. Check Out Our Latest Analysis on Snowflake Snowflake Price Performance Snowflake ( NYSE:SNOW – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.
18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02.
Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%.
The business had revenue of $868.80 million during the quarter, compared to analysts’ expectations of $851.72 million.
During the same quarter in the previous year, the company earned ($0.52) EPS. The business’s revenue was up 28.
9% on a year-over-year basis. Research analysts expect that Snowflake will post -2.41 EPS for the current year.
Insider Buying and Selling at Snowflake In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.
00. Following the transaction, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35.
The trade was a 2.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Benoit Dageville sold 287 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $31,974.
67. Following the completion of the sale, the insider now owns 53,250 shares of the company’s stock, valued at approximately $5,932,582.50.
This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders sold 59,538 shares of company stock worth $7,061,544. Insiders own 7.80% of the company’s stock.
Hedge Funds Weigh In On Snowflake Several hedge funds have recently modified their holdings of SNOW. Comerica Bank raised its position in Snowflake by 17.2% in the first quarter.
Comerica Bank now owns 29,267 shares of the company’s stock worth $4,729,000 after acquiring an additional 4,296 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Snowflake by 23.4% in the first quarter.
DekaBank Deutsche Girozentrale now owns 227,100 shares of the company’s stock worth $37,484,000 after purchasing an additional 43,062 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Snowflake by 201.5% in the first quarter.
Cetera Investment Advisers now owns 63,688 shares of the company’s stock worth $10,292,000 after purchasing an additional 42,563 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Snowflake during the 1st quarter valued at approximately $29,000. Finally, Fulton Bank N.
A. boosted its holdings in Snowflake by 17.4% in the 2nd quarter.
Fulton Bank N.A. now owns 1,538 shares of the company’s stock worth $208,000 after buying an additional 228 shares during the period.
Institutional investors own 65.10% of the company’s stock. 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. Featured Stories Five stocks we like better than Snowflake How to Invest in Blue Chip Stocks Super Micro Computer Soars 28%: Is It Really Out of the Woods? Want to Profit on the Downtrend? Downtrends, Explained. Traders Are Flocking Back to Oil: What’s Fueling the Optimism Stock Splits, Do They Really Impact Investors? 3 Hot Stock Trends to Ride Into 2025 Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.
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