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Snowflake Inc. experienced a 2.64% decrease in insider ownership following significant stock sales, with insiders offloading 361,560 shares valued at $59.25 million over the past ninety days. The company's stock opened at $167.71, with a market cap of $55.36 billion and a consensus rating of "Moderate Buy" from analysts. Notably, BNP Paribas increased its holdings by 670.2% in the fourth quarter, while various analysts have set new price targets, with Mizuho raising theirs to $205.00.
CFO Michael Scarpelli now owns 292,610 shares of Snowflake Inc., valued at approximately $47.76 million, following a 50.62% decrease in ownership after selling 300,000 shares. CRO Christopher William Degnan sold 12,782 shares for $2.32 million, reducing his ownership by 3.98%. In the last 90 days, insiders sold 364,342 shares worth nearly $60 million, while institutional investors hold 65.10% of the stock. Snowflake has a current rating of "Moderate Buy" with a consensus price target of $200.27.
Berkshire Hathaway's stock has surged, reaching a price-to-sales ratio of 2.67, significantly above its 10-year average. Despite a recent halt in buybacks, the company holds a record $334 billion in cash, following a selling spree in 2024 that included trimming positions in major stocks like Apple and Bank of America. Buffett's strategy focuses on value investing and stock buybacks, having repurchased $77.8 billion worth of shares since 2018, although no buybacks occurred in the latter half of 2024.
Israeli entrepreneur Roi Tiger has raised $55 million for his stealth-mode cybersecurity startup, now valued at $400 million. The funding round, led by Greenoaks, follows a $20 million seed round with notable investors including Sequoia and Index Ventures. Tiger, a former Meta executive, co-founded the startup with Pini Pinhasov, Ophir Arie, and Omer Singer, all of whom have significant experience in the cybersecurity sector.
Wolfe Research upgraded Snowflake's rating to "outperform" with a price target of $235, while Stifel Nicolaus raised its target from $187 to $210, maintaining a "buy" rating. Currently, Snowflake holds a "Moderate Buy" average rating with a consensus price target of $202.92, despite one sell rating among analysts. Recently, Banco Santander invested $35.25 million in the company, which is primarily focused on providing a cloud-based data platform.
Quarry LP increased its stake in Snowflake by 9.8%, now holding 662 shares valued at $102,000. Other institutional investors, including Breakwater Capital Group and Gabelli Funds LLC, also raised their stakes, contributing to a total institutional ownership of 65.10%. Snowflake's stock has a consensus rating of "Moderate Buy" with a target price of $202.65, reflecting positive analyst sentiment despite recent insider sales.
Deutsche Bank has raised its price target for Snowflake Inc. to $220, maintaining a Buy rating, following a strong fourth-quarter earnings report that exceeded expectations. The company reported a 30.3% revenue growth and a gross profit margin of 67.3%, with analysts optimistic about its future profitability and growth trajectory. Other firms, including Stifel and RBC Capital Markets, have also increased their targets, reflecting confidence in Snowflake's strategic initiatives and market position.
Snowflake Inc. anticipates a 24% increase in product revenue for the fiscal year ending January 2026, reaching $4.28 billion, surpassing analysts' expectations. In the fourth quarter, product revenue rose 28% to $943.3 million, with the number of customers spending over $1 million annually increasing to 580. The company is enhancing its AI capabilities, integrating models from OpenAI and Anthropic, while remaining performance obligations reached $6.9 billion, exceeding estimates. Shares surged 9% in after-hours trading.
Spurstone Advisory Services LLC and Quadrant Capital Group LLC increased their stakes in Snowflake during the fourth quarter, with institutional investors owning 65.10% of the stock. Analysts have raised price targets for Snowflake, with a consensus rating of "Moderate Buy" and a target of $190.75. However, insider selling has been notable, with significant shares sold by Director Frank Slootman and EVP Christian Kleinerman in recent transactions.
UBS analyst Karl Keirstead has raised Snowflake Inc.'s price target to $190 from $155 while maintaining a Neutral rating, reflecting a valuation adjustment based on revenue multiples. Currently trading at $187.18, the stock has shown a 46.69% return over the past six months, with a revenue growth rate of 30.28%. Other analysts have also expressed optimism, with price targets ranging from $200 to $235, driven by product innovation and strong market positioning.
Snowflake Inc.
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