Benoit Dageville Sells 287 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) insider Benoit Dageville sold 287 shares of Snowflake stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $111.41, for a total value of $31,974.67. Following the sale, the insider now owns 53,250 shares of the company’s stock, valued at approximately $5,932,582.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Benoit Dageville also recently made the following trade(s):

• On Tuesday, September 17th, Benoit Dageville sold 1,946 shares of Snowflake stock. The stock was sold at an average price of $114.39, for a total value of $222,602.94.

Snowflake Price Performance

NYSE:SNOW opened at $112.61 on Thursday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The firm has a market capitalization of $37.75 billion, a P/E ratio of -40.22 and a beta of 0.83. The business has a 50 day simple moving average of $119.99 and a 200 day simple moving average of $138.43.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. The business had revenue of $868.80 million during the quarter, compared to analyst estimates of $851.72 million. During the same quarter in the previous year, the firm posted ($0.52) EPS. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. Research analysts anticipate that Snowflake Inc. will post -2.41 EPS for the current fiscal year.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent research reports. JMP Securities dropped their price objective on Snowflake from $235.00 to $190.00 and set a “market outperform” rating for the company in a research report on Thursday, August 22nd. UBS Group dropped their price objective on Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays dropped their price objective on Snowflake from $191.00 to $146.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Wedbush decreased their price target on Snowflake from $210.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Finally, HSBC raised Snowflake from a “reduce” rating to a “hold” rating and raised their price target for the stock from $119.00 to $121.00 in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.17.

Institutional Trading of Snowflake

Institutional investors have recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at $25,000. LRI Investments LLC lifted its holdings in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 112 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in shares of Snowflake in the second quarter valued at $27,000. Riverview Trust Co acquired a new stake in shares of Snowflake in the first quarter valued at $31,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Snowflake in the first quarter valued at $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.