Snowflake Inc’s filing revealed that its President of Products Dageville Benoit unloaded Company’s shares for reported $2.36 million on Feb 06 ’25. In the deal valued at $189.11 per share,12,500 shares were sold. As a result of this transaction, Dageville Benoit now holds 47,710 shares worth roughly $8.88 million.
Then, Dageville Benoit bought 12,500 shares, generating $2,363,875 in total proceeds.
Before that, Kleinerman Christian sold 15,000 shares. Snowflake Inc shares valued at $2,797,500 were divested by the EVP, Product Management at a price of $186.50 per share. As a result of the transaction, Kleinerman Christian now holds 552,930 shares, worth roughly $102.91 million.
Cantor Fitzgerald initiated its Snowflake Inc [SNOW] rating to an Overweight in a research note published on January 17, 2025; the price target was $201. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Wells Fargo also remained covering SNOW and has increased its forecast on January 07, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wedbush revised its rating on November 25, 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 1.14% to $186.12. Over the last five days, the stock has gained 1.96%. Snowflake Inc shares have risen nearly 20.54% since the year began. Nevertheless, the stocks have fallen -14.71% over the past one year. While a 52-week high of $237.72 was reached on 02/04/25, a 52-week low of $107.13 was recorded on 01/02/25. SMA at 50 days reached $171.90, while 200 days put it at $140.53.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 184.29, which if violated will result in even more drops to 182.45. On the upside, there is a resistance level at 188.42. A further resistance level may holdings at 190.71. The Relative Strength Index (RSI) on the 14-day chart is 62.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.05%. Stochastics %K at 74.29% 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.
The most recent change occurred on November 21, 2024 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $188.
