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insider trading activity at snowflake highlights significant stock sales and ownership changes

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.

snowflake receives multiple upgrades and institutional investments amid strong market interest

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.

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