Retireful LLC Takes $631,000 Position in Snowflake Inc. (NYSE:SNOW)

Retireful LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,087 shares of the company's stock, valued at approximately $631,000.

A number of other institutional investors have also modified their holdings of SNOW. Groupama Asset Managment purchased a new stake in Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new position in shares of Snowflake in the third quarter worth about $30,000. Fortitude Family Office LLC purchased a new stake in shares of Snowflake during the 3rd quarter worth about $34,000. Larson Financial Group LLC grew its position in shares of Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company's stock valued at $39,000 after acquiring an additional 152 shares during the period. Finally, Waldron Private Wealth LLC purchased a new position in shares of Snowflake in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Activity

In related news, Director Frank Slootman sold 100,000 shares of Snowflake 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 completion of the transaction, the director now directly owns 195,281 shares in the company, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 690,647 shares of the company's stock, valued at $123,625,813. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 376,904 shares of company stock valued at $62,545,855. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNOW. Royal Bank of Canada raised their price objective on Snowflake from $175.00 to $188.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $140.00 to $188.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price target on shares of Snowflake from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, December 16th. JMP Securities reaffirmed a "market outperform" rating and set a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Finally, TD Cowen boosted their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $188.06.

Snowflake Trading Up 1.9 %

NYSE SNOW traded up $3.25 during trading hours on Friday, reaching $170.89. The company had a trading volume of 4,156,568 shares, compared to its average volume of 5,015,271. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The stock has a market capitalization of $56.41 billion, a P/E ratio of -50.41 and a beta of 1.05. The stock has a 50-day moving average of $160.11 and a 200 day moving average of $134.83. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.