Global Retirement Partners LLC Has $351,000 Holdings in Snowflake Inc. (NYSE:SNOW)

Global Retirement Partners LLC boosted its stake in Snowflake Inc. (NYSE:SNOW) by 86.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,270 shares of the company’s stock after buying an additional 1,053 shares during the quarter. Global Retirement Partners LLC’s holdings in Snowflake were worth $351,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its stake in shares of Snowflake by 24.1% in the 3rd 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 in the last quarter. Prospect Financial Services LLC acquired a new position in Snowflake in the fourth quarter valued at about $288,000. Independent Advisor Alliance boosted 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 buying an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Snowflake by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock worth $104,028,000 after buying an additional 8,857 shares during the last quarter. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Snowflake during the fourth quarter worth approximately $5,851,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In other news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the completion of the transaction, the executive now directly owns 308,164 shares of the company’s stock, valued at $56,045,786.68. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 371,810 shares of company stock valued at $63,340,544. 7.80% of the stock is owned by corporate insiders.

Snowflake Stock Down 4.0 %

Shares of Snowflake stock opened at $170.78 on Tuesday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $56.38 billion, a P/E ratio of -50.38 and a beta of 1.07. The business has a 50-day moving average of $172.85 and a two-hundred day moving average of $144.51.

Analyst Ratings Changes

Several research analysts have recently commented on SNOW shares. Oppenheimer boosted their target price on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a research note on Tuesday, November 19th. Scotiabank raised their target price on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Needham & Company LLC lifted their price target on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Citigroup decreased their price objective on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $193.43.

About Snowflake

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.