Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Snowflake Inc shares valued at $2,797,500 were sold by Kleinerman Christian on Feb 04 ’25. At $186.50 per share, Kleinerman Christian sold 15,000 shares. The insider’s holdings dropped to 552,930 shares worth approximately $104.47 million following the completion of this transaction.
Also, Degnan Christopher William sold 12,782 shares, netting a total of over 2,324,695 in proceeds. Following the sale of shares at $181.87 each, the insider now holds 308,164 shares.
Before that, Kleinerman Christian had added 15,000 shares to its account. In a trade valued at $2,797,500, the Officer bought Snowflake Inc shares for $186.50 each.
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 3.31%. Over the course of the year, Snowflake Inc shares have jumped approximately 22.36%. Shares of the company reached a 52-week high of $190.92 on 02/04/25 and a 52-week low of $154.96 on 01/02/25. A 50-day SMA is recorded $170.98, while a 200-day SMA reached $139.97. Nevertheless, trading volume fell to 4.91 million shares from 6.9 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 184.10, which, if violated, would cause prices to drop to 179.26. In the upper region, resistance lies at 191.35. The next price resistance is at 193.76. RSI (Relative Strength Index) is 68.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.84, which suggests the price will increase in the coming days. Percent R is at 7.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
