Snowflake Inc. (NYSE:SNOW) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,253 shares of the company's stock after purchasing an additional 8,287 shares during the quarter. Cerity Partners LLC's holdings in Snowflake were worth $9,535,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $29,000. Quadrant Capital Group LLC increased its holdings in shares of Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after purchasing an additional 144 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake during the fourth quarter valued at $38,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of SNOW traded up $1.87 during trading hours on Tuesday, reaching $146.42. 1,645,468 shares of the company traded hands, compared to its average volume of 6,418,338. The business has a fifty day moving average price of $162.27 and a 200-day moving average price of $154.03. Snowflake Inc. has a 12-month low of $107.13 and a 12-month 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. The stock has a market capitalization of $48.33 billion, a P/E ratio of -43.25 and a beta of 1.13.

Remove Ads

Insider Transactions at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the sale, the chief financial officer now directly owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. This represents a 50.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company's stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 491,589 shares of company stock worth $82,405,796 over the last three months. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Monness Crespi & Hardt increased their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Mizuho raised their target price on shares of Snowflake from $195.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI boosted their price target on shares of Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and a consensus price target of $202.51.

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.