3,217 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Clare Market Investments LLC

Clare Market Investments LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,217 shares of the company's stock, valued at approximately $497,000.

Several other institutional investors have also recently made changes to their positions in SNOW. Toronto Dominion Bank raised its position in Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after acquiring an additional 7,239 shares during the period. Prospect Financial Services LLC bought a new stake in shares of Snowflake in the 4th quarter worth approximately $288,000. Independent Advisor Alliance boosted its position in shares of Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company's stock valued at $468,000 after acquiring an additional 548 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock valued at $104,028,000 after purchasing an additional 8,857 shares during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Snowflake during the fourth quarter worth approximately $5,851,000. Institutional investors own 65.10% of the company's stock.

Insider Buying and Selling

In related news, CRO Christopher William Degnan sold 12,782 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the transaction, the executive now directly owns 308,164 shares of the company's stock, valued at $56,045,786.68. This trade represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 3,029 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total value of $517,959.00. Following the sale, the executive vice president now owns 684,639 shares in the company, valued at $117,073,269. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,923 shares of company stock worth $49,689,983. Insiders own 7.80% of the company's stock.

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Snowflake Stock Performance

NYSE SNOW traded up $3.39 during trading hours on Wednesday, hitting $153.29. The company had a trading volume of 4,118,399 shares, compared to its average volume of 6,426,378. The firm has a market cap of $50.60 billion, a P/E ratio of -45.18 and a beta of 1.07. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week 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 business has a fifty day simple moving average of $173.55 and a 200-day simple moving average of $147.55.

Analyst Upgrades and Downgrades

SNOW has been the topic of several analyst reports. Truist Financial reiterated a "buy" rating and issued a $225.00 price objective (up previously from $210.00) on shares of Snowflake in a report on Thursday, February 27th. Needham & Company LLC lifted their target price on shares of Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America increased their price target on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Loop Capital lifted their price objective on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company boosted their target price on shares of Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $202.92.

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.