Snowflake Inc. (NYSE:SNOW) Director Teresa Briggs Sells 848 Shares

Snowflake Inc. (NYSE:SNOW) Director Teresa Briggs sold 848 shares of Snowflake stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $142.98, for a total value of $121,247.04. Following the transaction, the director now owns 4,247 shares of the company’s stock, valued at $607,236.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Snowflake Stock Up 0.0 %

Shares of Snowflake stock opened at $137.49 on Thursday. Snowflake Inc. has a 52 week low of $122.60 and a 52 week high of $237.72. The business’s fifty day simple moving average is $143.67 and its 200-day simple moving average is $170.07. The firm has a market cap of $46.03 billion, a PE ratio of -49.10 and a beta of 0.85.

Snowflake (NYSE:SNOW) last posted 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). The firm had revenue of $828.71 million during the quarter, compared to analysts’ expectations of $786.95 million. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. As a group, equities analysts expect that Snowflake Inc. will post -2.28 earnings per share for the current year.

Institutional Investors Weigh In On Snowflake

Institutional investors and hedge funds have recently modified their holdings of the company. Accent Capital Management LLC purchased a new stake in shares of Snowflake in the 4th quarter valued at $25,000. LRI Investments LLC purchased a new stake in shares of Snowflake in the 1st quarter valued at $29,000. FinTrust Capital Advisors LLC raised its holdings in shares of Snowflake by 193.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after buying an additional 128 shares during the period. Riverview Trust Co purchased a new stake in shares of Snowflake in the 1st quarter valued at $31,000. Finally, M&R Capital Management Inc. increased its holdings in Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Snowflake from $188.00 to $191.00 and gave the company an “equal weight” rating in a research report on Thursday, May 23rd. JMP Securities restated a “market outperform” rating and issued a $235.00 price objective on shares of Snowflake in a research report on Tuesday, June 4th. Macquarie cut their price objective on Snowflake from $205.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price objective on shares of Snowflake in a research report on Monday, July 1st. Finally, Oppenheimer reiterated an “outperform” rating and set a $220.00 price target on shares of Snowflake in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.46.

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.