73,473 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by GenTrust LLC

GenTrust LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 73,473 shares of the company’s stock, valued at approximately $11,345,000.

Other large investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its stake in Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after acquiring an additional 7,239 shares in the last quarter. Prospect Financial Services LLC purchased a new stake in shares of Snowflake in the 4th quarter valued at approximately $288,000. Independent Advisor Alliance grew its stake in shares of Snowflake by 15.5% in the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after buying an additional 548 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of 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 period. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Snowflake in the 4th quarter valued at approximately $5,851,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 59,617 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $176.25, for a total value of $10,507,496.25. Following the completion of the transaction, the director now owns 208,735 shares of the company’s stock, valued at $36,789,543.75. The trade was a 22.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the completion of the transaction, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. This represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 371,810 shares of company stock worth $63,340,544 over the last 90 days. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several analyst reports. Piper Sandler increased their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Royal Bank of Canada increased their price target on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Bank of America increased their price target on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target for the company in a research note on Tuesday, February 18th. Finally, Needham & Company LLC increased their price objective on shares of Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $196.19.

Snowflake Stock Up 1.2 %

Shares of NYSE SNOW opened at $166.20 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $235.66. The firm has a 50-day moving average price of $172.79 and a 200 day moving average price of $144.94. The stock has a market capitalization of $54.86 billion, a price-to-earnings ratio of -49.03 and a beta of 1.07.

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.