Snowflake Inc. (NYSE:SNOW) Stock Holdings Raised by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC increased its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 26,250.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,108 shares of the company's stock after acquiring an additional 2,100 shares during the period. Ashton Thomas Securities LLC's holdings in Snowflake were worth $325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNOW. Asset Dedication LLC increased its position in shares of Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group grew its stake in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after purchasing an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares in the last quarter. Larson Financial Group LLC increased its holdings in Snowflake by 21.8% in the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after buying an additional 74 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock valued at $59,000 after buying an additional 90 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Snowflake Trading Down 4.1 %

Shares of NYSE SNOW traded down $6.38 during midday trading on Friday, hitting $150.60. The stock had a trading volume of 4,647,822 shares, compared to its average volume of 6,381,805. The company has a fifty day moving average price of $171.99 and a 200 day moving average price of $151.30. The company has a market capitalization of $49.71 billion, a price-to-earnings ratio of -44.42 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the company's stock in a transaction that occurred 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 owns 195,281 shares in the company, valued at $30,268,555. This represents a 33.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction 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 sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 603,968 shares of company stock valued at $99,863,550 over the last ninety days. Corporate insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $190.00 price target on shares of Snowflake in a report on Tuesday, December 3rd. Scotiabank upped their target price on Snowflake from $170.00 to $220.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. Jefferies Financial Group lifted their price target on Snowflake from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Canaccord Genuity Group increased their price objective on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target for the company in a report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.08.

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.