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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