Snowflake Inc.'s stock fell 2.9% after an exec sold shares, but analysts still rate it a "buy."

Snowflake Inc., a cloud-based data platform provider, saw its shares drop 2.9% on December 23rd after Executive Vice President Christian Kleinerman sold 861 shares, reducing his ownership by 0.15%. Despite this, analysts have given the stock an "outperform" or "buy" rating, with a target price of $185.03. Institutions own 65.10% of the company's stock.

December 25, 2024
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