Snowflake Inc’s filing revealed that its EVP, Product Management Kleinerman Christian unloaded Company’s shares for reported $3.6 million on Oct 10 ’24. In the deal valued at $120.00 per share,30,000 shares were sold. As a result of this transaction, Kleinerman Christian now holds 721,755 shares worth roughly $86.29 million.
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Then, Kleinerman Christian bought 30,000 shares, generating $3,600,000 in total proceeds.
Before that, Kleinerman Christian sold 861 shares. Snowflake Inc shares valued at $95,924 were divested by the EVP, Product Management at a price of $111.41 per share. As a result of the transaction, Kleinerman Christian now holds 751,755 shares, worth roughly $89.88 million.
Argus initiated its Snowflake Inc [SNOW] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late August from “a Reduce” to “a Hold”. Wells Fargo also remained covering SNOW and has decreased its forecast on August 15, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Exane BNP Paribas revised its rating on May 02, 2024. It rated SNOW as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of SNOW
On Monday, Snowflake Inc [NYSE:SNOW] saw its stock jump 0.02% to $119.56. Over the last five days, the stock has lost -2.92%. Snowflake Inc shares have fallen nearly -39.92% since the year began. Nevertheless, the stocks have fallen -22.08% over the past one year. While a 52-week high of $237.72 was reached on 02/12/24, a 52-week low of $107.13 was recorded on 09/06/24. SMA at 50 days reached $116.76, while 200 days put it at $151.04.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 117.84, which if violated will result in even more drops to 116.13. On the upside, there is a resistance level at 121.16. A further resistance level may holdings at 122.77. The Relative Strength Index (RSI) on the 14-day chart is 55.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.65%. Stochastics %K at 58.35% indicates the stock is a holding.
How much short interest is there in Snowflake Inc?
A steep rise in short interest was recorded in Snowflake Inc stocks on 2024-09-30, growing by 0.59 million shares to a total of 13.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.58 million shares. There was a rise of 4.51%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 11, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $185 price target.
