Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Snowflake Inc shares valued at $1,006,188 were sold by Dageville Benoit on Jan 10 ’25. At $160.99 per share, Dageville Benoit sold 6,250 shares. The insider’s holdings dropped to 47,710 shares worth approximately $7.91 million following the completion of this transaction.
Also, Dageville Benoit purchased 6,250 shares, netting a total of over 1,006,188 in proceeds.
Before that, Kleinerman Christian had sold 15,000 shares from its account. In a trade valued at $2,479,800, the EVP, Product Management traded Snowflake Inc shares for $165.32 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $94.11 million.
As published in a research note from Barclays on January 10, 2025, Snowflake Inc [SNOW] has been rated up from an Equal weight to an Overweight and the price target has been revised to $190. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of November 25, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for SNOW. Earlier on November 21, 2024, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for SNOW stock.
Analyzing SNOW Stock Performance
During the last five days, there has been a surge of approximately 4.33%. Over the course of the year, Snowflake Inc shares have jumped approximately 7.32%. Shares of the company reached a 52-week high of $170.42 on 01/15/25 and a 52-week low of $154.96 on 01/02/25. A 50-day SMA is recorded $155.52, while a 200-day SMA reached $138.21. Nevertheless, trading volume fell to 7.0 million shares from 6.33 million shares the previous day.
Support And Resistance Levels for Snowflake Inc (SNOW)
According to the 24-hour chart, there is a support level at 164.06, which, if violated, would cause prices to drop to 162.41. In the upper region, resistance lies at 168.89. The next price resistance is at 172.07. RSI (Relative Strength Index) is 56.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 27.23%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
