Summit Insights assumed coverage on shares of Snowflake (NYSE:SNOW) in a research note issued to investors on Monday, Benzinga reports. The firm issued a sell rating and a $175.00 target price on the stock.
Shares of NYSE SNOW opened at $226.74 on Monday. Snowflake has a 1 year low of $208.55 and a 1 year high of $319.00.
In other news, major shareholder Brad Gerstner acquired 420,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of $120.00 per share, for a total transaction of $50,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Snowflake Inc provides cloud-based data platform in the United States and internationally. The company's platform enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of various sizes in a range of industries.
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