Snowflake Inc’s recent filing unveils that its Chief Executive Officer Ramaswamy Sridhar acquired Company’s shares for reported $5.0 million on Mar 25 ’24. In the deal valued at $158.52 per share,31,542 shares were bought. As a result of this transaction, Ramaswamy Sridhar now holds 31,542 shares worth roughly $4.79 million.
Then, Ho Emily sold 1,968 shares, generating $309,793 in total proceeds. Upon selling the shares at $157.41, the Chief Accounting Officer now owns 30,425 shares.
Before that, Slootman Frank sold 19,764 shares. Snowflake Inc shares valued at $3,096,303 were divested by the CEO and Chairman at a price of $156.66 per share. As a result of the transaction, Slootman Frank now holds 233,297 shares, worth roughly $35.46 million.
KeyBanc Capital Markets initiated its Snowflake Inc [SNOW] rating to an Overweight in a research note published on April 11, 2024; the price target was $185. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Redburn Atlantic also remained covering SNOW and has decreased its forecast on March 19, 2024 with a “Sell” recommendation from previously “Neutral” rating. Monness Crespi & Hardt revised its rating on March 18, 2024. It rated SNOW as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SNOW
On Monday, Snowflake Inc [NYSE:SNOW] saw its stock fall -4.15% to $151.98. Over the last five days, the stock has lost -1.86%. Snowflake Inc shares have fallen nearly -23.63% since the year began. Nevertheless, the stocks have risen 7.50% over the past one year. While a 52-week high of $237.72 was reached on 02/12/24, a 52-week low of $135.26 was recorded on 04/04/24. SMA at 50 days reached $184.57, while 200 days put it at $173.99. A total of 5.9 million shares were traded, compared to the trading of 4.66 million shares in the previous session.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 149.70, which if violated will result in even more drops to 147.43. On the upside, there is a resistance level at 155.64. A further resistance level may holdings at 159.31. The Relative Strength Index (RSI) on the 14-day chart is 35.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.09%. Stochastics %K at 39.36% indicates the stock is a holding.
