Snowflake Inc’s filing revealed that its Officer Dageville Benoit acquired Company’s shares for reported $1.01 million on Jan 10 ’25. In the deal valued at $160.99 per share,6,250 shares were bought.
Then, Kleinerman Christian sold 15,000 shares, generating $2,479,800 in total proceeds. Upon selling the shares at $165.32, the EVP, Product Management now owns 567,930 shares.
Before that, Kleinerman Christian bought 15,000 shares. Snowflake Inc shares valued at $2,479,800 were divested by the Officer at a price of $165.32 per share.
Barclays upgraded its Snowflake Inc [SNOW] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Wedbush also remained covering SNOW and has increased its forecast on November 25, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Monness Crespi & Hardt maintained its rating on November 21, 2024. It rated SNOW as “a Buy”.
Price Performance Review of SNOW
On Friday, Snowflake Inc [NYSE:SNOW] saw its stock jump 0.89% to $162.46. Over the last five days, the stock has gained 3.14%. Snowflake Inc shares have risen nearly 5.21% since the year began. Nevertheless, the stocks have fallen -17.49% over the past one year. While a 52-week high of $237.72 was reached on 01/07/25, a 52-week low of $107.13 was recorded on 01/02/25. SMA at 50 days reached $152.73, while 200 days put it at $138.15.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 160.24, which if violated will result in even more drops to 158.03. On the upside, there is a resistance level at 165.06. A further resistance level may holdings at 167.67. The Relative Strength Index (RSI) on the 14-day chart is 52.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.96%. Stochastics %K at 50.02% 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 2024-10-31, dropping by -1.4 million shares to a total of 11.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.17 million shares. There was a decline of -11.89%, which implies that there is a negative sentiment for the stock.
