Snowflake (NYSE:SNOW) Receives New Coverage from Analysts at Sanford C. Bernstein

Investment analysts at Sanford C. Bernstein started coverage on shares of Snowflake (NYSE:SNOW) in a report released on Thursday, The Fly reports. The firm set a “market perform” rating on the stock.

Other analysts also recently issued research reports about the stock. Summit Insights started coverage on shares of Snowflake in a research report on Monday, September 21st. They set a “sell” rating and a $175.00 target price for the company. Jefferies Financial Group started coverage on shares of Snowflake in a research note on Wednesday. They set a “hold” rating and a $250.00 price objective for the company.

SNOW stock traded down $7.54 during trading on Thursday, reaching $243.46. 3,971,704 shares of the stock traded hands, compared to its average volume of 5,490,509. Snowflake has a 52-week low of $208.55 and a 52-week high of $319.00.

In related news, major shareholder Brad Gerstner bought 420,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average cost of $120.00 per share, for a total transaction of $50,400,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Snowflake Company Profile

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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