5,804 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Tyler Stone Wealth Management

Tyler Stone Wealth Management purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,804 shares of the company’s stock, valued at approximately $896,000.

Other hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in Snowflake during the fourth quarter worth $29,000. Groupama Asset Managment purchased a new position in shares of Snowflake in the 3rd quarter worth about $25,000. Blue Bell Private Wealth Management LLC grew its position in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 144 shares during the period. Perkins Coie Trust Co lifted its position in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after acquiring an additional 230 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction 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 represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the sale, the director now owns 195,281 shares of the company’s stock, valued at $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,968 shares of company stock worth $50,900,550 in the last 90 days. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SNOW has been the subject of several analyst reports. Mizuho raised their price target on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Wolfe Research upgraded Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price for the company in a report on Tuesday, February 18th. Rosenblatt Securities raised their target price on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada boosted their price target on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $205.08.

Snowflake Stock Down 0.2 %

Snowflake stock opened at $162.86 on Wednesday. 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 firm has a market cap of $53.76 billion, a P/E ratio of -48.04 and a beta of 1.07. The business has a fifty day moving average of $172.75 and a two-hundred day moving average of $150.63. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.

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.