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Monness analyst Brian White maintained a Hold rating on Snowflake (SNOW – Research Report) today. The company’s shares closed last Wednesday at $355.36.
According to TipRanks.com, White is a top 100 analyst with an average return of 28.2% and a 79.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Meta Platforms.
Snowflake has an analyst consensus of Moderate Buy, with a price target consensus of $376.38, a 10.7% upside from current levels. In a report issued on November 17, Needham also maintained a Hold rating on the stock.
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Snowflake’s market cap is currently $106.9B and has a P/E ratio of -140.50. The company has a Price to Book ratio of 21.70.
Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNOW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 2012, Snowflake Inc. is a cloud-based company which provides a data platform in the United States and internationally. The company’s platform enables customers to consolidate data into a single source to drive meaningful business insights, build data-driven applications, and share data.
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