2,715 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Private Wealth Partners LLC

Private Wealth Partners LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,715 shares of the company’s stock, valued at approximately $419,000.

Several other institutional investors have also recently bought and sold shares of SNOW. Toronto Dominion Bank raised its holdings in shares of Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after purchasing an additional 7,239 shares during the last quarter. Prospect Financial Services LLC acquired a new position in Snowflake during the fourth quarter worth $288,000. Independent Advisor Alliance grew its position in Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after purchasing an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Snowflake by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock valued at $104,028,000 after buying an additional 8,857 shares during the last quarter. Finally, Bourgeon Capital Management LLC bought a new stake in Snowflake during the 4th quarter worth about $5,851,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. This trade represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 440,241 shares of company stock valued at $75,367,285 in the last ninety days. 7.80% of the stock is currently owned by company insiders.

Snowflake Stock Down 3.3 %

SNOW stock opened at $186.44 on Thursday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $235.66. The business has a 50-day simple moving average of $172.37 and a 200 day simple moving average of $143.01. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $61.54 billion, a PE ratio of -55.00 and a beta of 1.07.

Analyst Ratings Changes

SNOW has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Monness Crespi & Hardt increased their price target on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Truist Financial reaffirmed a “buy” rating and set a $210.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Needham & Company LLC upped their price objective on Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $190.75.

Snowflake Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.