Creekmur Asset Management LLC boosted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 400.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,696 shares of the company's stock after buying an additional 2,157 shares during the quarter. Creekmur Asset Management LLC's holdings in Snowflake were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of SNOW. Stonebridge Financial Group LLC purchased a new position in shares of Snowflake in the fourth quarter worth about $29,000. Groupama Asset Managment bought a new position in Snowflake during the 3rd quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC increased its stake in 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 during the period. Perkins Coie Trust Co lifted its position in Snowflake by 136.3% in 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 during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 1,437.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock valued at $38,000 after purchasing an additional 230 shares during the period. 65.10% of the stock is currently owned by institutional investors.
Snowflake Stock Performance
NYSE SNOW traded down $9.49 during trading hours on Friday, hitting $130.41. The company's stock had a trading volume of 8,210,700 shares, compared to its average volume of 6,400,660. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The company's 50 day simple moving average is $168.97 and its two-hundred day simple moving average is $152.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $43.05 billion, a P/E ratio of -38.47 and a beta of 1.13.
Insider Activity
In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the executive vice president now 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 491,186 shares of company stock valued at $82,353,709 in the last 90 days. 7.80% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research firms recently commented on SNOW. Bank of America upped their price target on shares of Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. UBS Group upped their price objective on shares of Snowflake from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Canaccord Genuity Group raised their target price on Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. KeyCorp increased their price objective on Snowflake from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Citigroup boosted their target price on Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Ten equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $203.05.
View Our Latest Analysis on Snowflake
Snowflake Profile
(
Free Report)
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.
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