Left Brain Wealth Management LLC Makes New $334,000 Investment in Snowflake Inc. (NYSE:SNOW)

Left Brain Wealth Management LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,160 shares of the company's stock, valued at approximately $334,000.

Other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Snowflake during the fourth quarter worth about $29,000. Groupama Asset Managment purchased a new stake in Snowflake during the third quarter worth about $25,000. Blue Bell Private Wealth Management LLC increased its holdings in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after buying an additional 144 shares during the last quarter. Perkins Coie Trust Co increased its holdings in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after buying an additional 139 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Snowflake by 1,437.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock worth $38,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Trading Down 1.3 %

Shares of SNOW traded down $2.04 during mid-day trading on Tuesday, reaching $154.35. The company's stock had a trading volume of 4,951,564 shares, compared to its average volume of 6,394,150. The stock has a market cap of $50.95 billion, a PE ratio of -45.53 and a beta of 1.07. 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 52 week low of $107.13 and a 52 week high of $194.40. The company's fifty day moving average price is $173.11 and its two-hundred day moving average price is $148.65.

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Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 100,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the sale, the director now owns 195,281 shares of the company's stock, valued at $30,268,555. This represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 287,648 shares of company stock worth $48,387,318 in the last three months. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Loop Capital lifted their target price on shares of Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada lifted their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Monness Crespi & Hardt lifted their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Evercore ISI lifted their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus price target 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.