In a filing, Snowflake Inc revealed 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 $ 9.2 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 $106.59 million.
Wolfe Research upgraded its Snowflake Inc [SNOW] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Barclays also remained covering SNOW and has increased its forecast on January 10, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on January 07, 2025. It rated SNOW as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SNOW
On Tuesday, Snowflake Inc [NYSE:SNOW] saw its stock jump 2.76% to $192.78. Over the last five days, the stock has gained 3.58%. Snowflake Inc shares have risen nearly 24.85% since the year began. Nevertheless, the stocks have fallen -18.31% over the past one year. While a 52-week high of $236.33 was reached on 02/18/25, a 52-week low of $107.13 was recorded on 01/02/25. SMA at 50 days reached $173.42, while 200 days put it at $141.36.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 189.78, which if violated will result in even more drops to 186.78. On the upside, there is a resistance level at 195.09. A further resistance level may holdings at 197.40. The Relative Strength Index (RSI) on the 14-day chart is 64.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.46%. Stochastics %K at 76.90% indicates the stock is a holding.
