Snowflake stock is trading -15.61% below its average target price of $180.67 after marking a 7.3% during today's None session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $105.0 to $500.0 per share.
Snowflake's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.5%. The stock's short ratio is 2.13. The company's insiders own 9.44% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 67.4%. In conclusion, we believe there is positive market sentiment regarding Snowflake.
Institutions Invested in Snowflake
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 6% | 17,709,367 | $2,699,970,211 |
| 2022-12-31 | Altimeter Capital Management, LP | 5% | 15,369,459 | $2,343,227,822 |
| 2022-12-31 | Morgan Stanley | 5% | 15,354,564 | $2,340,956,930 |
| 2022-12-31 | Sc Us (ttgp), Ltd. | 4% | 13,633,845 | $2,078,616,100 |
| 2022-12-31 | Blackrock Inc. | 4% | 13,014,182 | $1,984,142,275 |
| 2022-12-31 | ICONIQ Capital, LLC | 4% | 11,422,279 | $1,741,440,733 |
| 2022-12-31 | Capital Research Global Investors | 3% | 8,528,140 | $1,300,200,281 |
| 2022-12-31 | Jennison Associates LLC | 2% | 6,204,851 | $945,991,625 |
| 2022-12-31 | Berkshire Hathaway, Inc | 2% | 6,125,376 | $933,874,866 |
| 2022-12-31 | State Street Corporation | 2% | 5,617,061 | $856,377,157 |
