Roberts Glore & Co. Inc. IL Has $856,000 Stock Position in Snowflake Inc. (NYSE:SNOW)

Roberts Glore & Co. Inc. IL decreased its stake in Snowflake Inc. (NYSE:SNOW) by 9.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,543 shares of the company’s stock after selling 566 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Snowflake were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in Snowflake by 13.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 34,093 shares of the company’s stock worth $3,916,000 after acquiring an additional 4,168 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Snowflake by 33.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 38,956 shares of the company’s stock worth $4,474,000 after acquiring an additional 9,743 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in Snowflake by 7.9% in the 3rd quarter. Washington Trust Advisors Inc. now owns 58,429 shares of the company’s stock worth $6,711,000 after acquiring an additional 4,268 shares in the last quarter. Carson Advisory Inc. purchased a new stake in Snowflake in the 3rd quarter worth about $240,000. Finally, Covestor Ltd lifted its stake in Snowflake by 16.2% in the 3rd quarter. Covestor Ltd now owns 827 shares of the company’s stock worth $95,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

SNOW opened at $158.54 on Friday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The firm has a market capitalization of $52.33 billion, a P/E ratio of -46.77 and a beta of 1.07. The stock’s 50 day moving average price is $173.79 and its two-hundred day moving average price is $147.00. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

SNOW has been the subject of several research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. Wedbush set a $210.00 price objective on Snowflake in a research note on Wednesday, January 22nd. TD Cowen increased their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Cantor Fitzgerald raised their price target on Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Mizuho raised their price target on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

Insider Transactions at Snowflake

In other news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the sale, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at approximately $7,303,489.20. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the sale, the executive vice president now directly owns 690,647 shares in the company, valued at $123,625,813. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,193 shares of company stock valued at $50,096,313. 7.80% of the stock is owned by corporate insiders.

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.