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 $2,325,000 were purchased by Dageville Benoit on Feb 20 ’25. At $186.00 per share, Dageville Benoit acquired 12,500 shares.
Also, Dageville Benoit sold 12,500 shares, netting a total of over 2,363,875 in proceeds. Following the sale of shares at $189.11 each, the insider now holds 47,710 shares.
Before that, Dageville Benoit had added 12,500 shares to its account. In a trade valued at $2,363,875, the Officer bought Snowflake Inc shares for $189.11 each.
As published in a research note from BTIG Research on February 20, 2025, Snowflake Inc [SNOW] has been rated up from a Neutral to a Buy and the price target has been revised to $220. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid February. As of January 17, 2025, Cantor Fitzgerald has initiated its “an Overweight” rating for SNOW. Earlier on January 10, 2025, Barclays upgraded its rating. Their new recommendation was “an Overweight” for SNOW stock which previously was a “an Equal weight”.
Analyzing SNOW Stock Performance
During the last five days, there has been a drop of approximately -1.21%. Over the course of the year, Snowflake Inc shares have jumped approximately 19.78%. Shares of the company reached a 52-week high of $194.40 on 02/18/25 and a 52-week low of $154.96 on 01/02/25. A 50-day SMA is recorded $173.46, while a 200-day SMA reached $141.65. Nevertheless, trading volume fell to 5.42 million shares from 5.09 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 180.28, which, if violated, would cause prices to drop to 175.60. In the upper region, resistance lies at 187.91. The next price resistance is at 190.86. RSI (Relative Strength Index) is 54.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.39, which suggests the price will increase in the coming days. Percent R is at 49.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
