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analysts provide mixed ratings and price targets for snowflake stock
Macquarie initiated coverage on Snowflake with a "neutral" rating and a $160 price target, while UBS raised its target to $200 with a similar rating. Truist Financial adjusted its target down to $210 but maintained a "buy" rating. Currently, Snowflake holds a "Moderate Buy" consensus rating with an average price target of $200.28, as institutional investors own 65.10% of the stock.
snowflake executives sell shares as institutional investors increase holdings
Deutsche Bank AG increased its stake in Snowflake Inc. by 26% in Q4, owning 922,953 shares valued at $142.5 million. Meanwhile, EVP Christian Kleinerman sold 15,000 shares for $2.58 million, reducing his ownership by 2.46%. Insiders sold 356,963 shares worth over $58 million last quarter, with institutional investors holding 65.1% of the stock.
snowflake insiders sell shares as analysts adjust price targets
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.
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.
snowflake stock sees increased analyst ratings and significant insider selling
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.
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