Empire Financial Management Company LLC Makes New $667,000 Investment in Snowflake Inc. (NYSE:SNOW)

Empire Financial Management Company LLC acquired a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,320 shares of the company's stock, valued at approximately $667,000.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNOW. DA Davidson lowered their price target on Snowflake from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $183.00 target price on shares of Snowflake in a report on Wednesday, April 2nd. Stifel Nicolaus raised their price target 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. Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective on the stock in a research report on Tuesday, February 18th. Finally, Needham & Company LLC lifted their target price on Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and an average price target of $200.27.

Insiders Place Their Bets

In other news, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at approximately $47,756,878.10. This represents a 50.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the sale, the director now directly owns 26,375 shares in the company, valued at $3,408,968.75. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 364,342 shares of company stock valued at $59,978,513 in the last quarter. 7.80% of the stock is currently owned by insiders.

Snowflake Price Performance

Shares of SNOW stock traded down $0.40 during trading hours on Friday, hitting $158.26. The stock had a trading volume of 4,161,157 shares, compared to its average volume of 6,426,335. 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 stock has a market capitalization of $52.24 billion, a price-to-earnings ratio of -46.68 and a beta of 1.13. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The stock's 50-day moving average price is $154.91 and its two-hundred day moving average price is $155.84.

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.