According to TipRanks.com, Powell is a 4-star analyst with an average return of 17.8% and a 64.9% success rate. Powell covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.
Currently, the analyst consensus on Snowflake is a Moderate Buy with an average price target of $278.21, which is a 16.4% upside from current levels. In a report issued on May 27, Needham also assigned a Hold rating to the stock.
Snowflake’s market cap is currently $71.24B and has a P/E ratio of -108.50. The company has a Price to Book ratio of 14.48.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNOW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 2012, Snowflake Inc. is a cloud-based company which provides a data platform in the United States and internationally. The company’s platform enables customers to consolidate data into a single source to drive meaningful business insights, build data-driven applications, and share data.