Kraematon Investment Advisors Inc. purchased a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,555 shares of the company's stock, valued at approximately $240,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNOW. Breakwater Capital Group boosted its holdings in 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Snowflake by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock worth $59,000 after buying an additional 90 shares during the last quarter. Modus Advisors LLC grew its holdings in shares of Snowflake by 3.9% in the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company's stock valued at $286,000 after acquiring an additional 94 shares in the last quarter. Catalyst Private Wealth LLC increased its position in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company's stock valued at $382,000 after acquiring an additional 104 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company's stock valued at $210,000 after purchasing an additional 115 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SNOW has been the subject of a number of analyst reports. Needham & Company LLC lifted their price objective on shares of Snowflake from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. StockNews.com lowered Snowflake from a "hold" rating to a "sell" rating in a report on Thursday. Evercore ISI lifted their target price on shares of Snowflake from $170.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, DA Davidson reiterated a "buy" rating and issued a $175.00 price target on shares of Snowflake in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.06.
Get Our Latest Analysis on Snowflake
Snowflake Trading Up 2.5 %
NYSE:SNOW traded up $4.18 during trading hours on Friday, hitting $171.82. 2,973,900 shares of the company were exchanged, compared to its average volume of 4,897,493. The stock has a market capitalization of $56.72 billion, a price-to-earnings ratio of -50.68 and a beta of 1.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The company has a fifty day simple moving average of $160.11 and a 200 day simple moving average of $134.83.
Insider Buying and Selling
In other Snowflake news, CRO Christopher William Degnan sold 76,692 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the sale, the executive now directly owns 346,741 shares of the company's stock, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock valued at $62,545,855 in the last three months. Insiders own 7.80% of the company's stock.
Snowflake Company 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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