1,843 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,843 shares of the company's stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment bought a new position in shares of Snowflake in the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new position in shares of Snowflake in the fourth quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after acquiring an additional 144 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in shares of 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 acquiring an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake in the fourth quarter valued at approximately $38,000. Institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Cantor Fitzgerald increased their target price on shares of Snowflake from $201.00 to $228.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC increased 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. JMP Securities reissued a "market outperform" rating and set a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their target price on shares of Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.08.

Remove Ads

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 861 shares of Snowflake stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $165.31, for a total value of $142,331.91. Following the transaction, the executive vice president now owns 582,930 shares in the company, valued at $96,364,158.30. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,429 shares of company stock valued at $50,065,812. Insiders own 7.80% of the company's stock.

Snowflake Stock Up 0.8 %

Shares of SNOW stock traded up $1.27 on Thursday, hitting $157.23. The company's stock had a trading volume of 2,690,782 shares, compared to its average volume of 6,368,008. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The firm's fifty day moving average price is $172.91 and its 200-day moving average price is $148.98. The stock has a market capitalization of $51.90 billion, a price-to-earnings ratio of -46.38 and a beta of 1.07.

Snowflake Company 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.