Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Snowflake Inc shares valued at $22,426,902 were sold by Slootman Frank on Jan 22 ’25. At $176.25 per share, Slootman Frank sold 127,247 shares. The insider’s holdings dropped to 195,281 shares worth approximately $35.71 million following the completion of this transaction.
Also, Slootman Frank sold 72,753 shares, netting a total of over 12,758,487 in proceeds. Following the sale of shares at $175.37 each, the insider now holds 195,281 shares.
Before that, Dageville Benoit had sold 18,750 shares from its account. In a trade valued at $3,281,250, the President of Products traded Snowflake Inc shares for $175.00 each. Upon closing the transaction, the insider’s holdings decreased to 18,750 shares, worth approximately $8.73 million.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, Snowflake Inc [SNOW] has been an Overweight and the price target has been revised to $201. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of January 07, 2025, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for SNOW. Earlier on November 25, 2024, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for SNOW stock which previously was a “a Neutral”.
Analyzing SNOW Stock Performance
During the last five days, there has been a surge of approximately 3.04%. Over the course of the year, Snowflake Inc shares have jumped approximately 18.44%. Shares of the company reached a 52-week high of $188.43 on 01/28/25 and a 52-week low of $154.96 on 01/02/25. A 50-day SMA is recorded $165.39, while a 200-day SMA reached $139.15. Nevertheless, trading volume fell to 5.13 million shares from 8.56 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 181.09, which, if violated, would cause prices to drop to 179.29. In the upper region, resistance lies at 184.84. The next price resistance is at 186.79. RSI (Relative Strength Index) is 65.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.71, which suggests the price will increase in the coming days. Percent R is at 17.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
