Snowflake Inc’s recently made public that its EVP, Product Management Kleinerman Christian unloaded Company’s shares for reported $0.23 million on Apr 15 ’24. In the deal valued at $156.38 per share,1,500 shares were sold. As a result of this transaction, Kleinerman Christian now holds 774,097 shares worth roughly $113.95 million.
Then, Ramaswamy Sridhar bought 31,542 shares, generating $5,000,038 in total proceeds. Upon buying the shares at $158.52, the Chief Executive Officer now owns 31,542 shares.
Before that, Ho Emily sold 1,968 shares. Snowflake Inc shares valued at $309,793 were divested by the Chief Accounting Officer at a price of $157.41 per share. As a result of the transaction, Ho Emily now holds 30,425 shares, worth roughly $4.48 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 jump 1.21% to $147.21. Over the last five days, the stock has lost -3.14%. Snowflake Inc shares have fallen nearly -26.03% since the year began. Nevertheless, the stocks have risen 3.15% 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 04/22/24. SMA at 50 days reached $177.59, while 200 days put it at $173.32. A total of 3.66 million shares were traded, compared to the trading of 3.8 million shares in the previous session.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 144.89, which if violated will result in even more drops to 142.56. On the upside, there is a resistance level at 148.97. A further resistance level may holdings at 150.72. The Relative Strength Index (RSI) on the 14-day chart is 33.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.16%. Stochastics %K at 9.42% indicates the stock is a buying.
