Snowflake (SNOW) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Mark Murphy maintained a Hold rating on Snowflake (SNOWResearch Report) yesterday and set a price target of $270.00. The company’s shares closed last Thursday at $224.02.

According to TipRanks.com, Murphy is a 5-star analyst with an average return of 16.9% and a 62.5% success rate. Murphy covers the Technology sector, focusing on stocks such as Qualtrics International, DoubleVerify Holdings, and Ceridian HCM Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snowflake with a $334.61 average price target, which is a 49.8% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $240.00 price target.

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The company has a one-year high of $405.00 and a one-year low of $184.71. Currently, Snowflake has an average volume of 4.24M.

Based on the recent corporate insider activity of 133 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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