Park Avenue Securities LLC Purchases 4,373 Shares of Snowflake Inc. (NYSE:SNOW)

Park Avenue Securities LLC increased its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 50.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the company's stock after purchasing an additional 4,373 shares during the quarter. Park Avenue Securities LLC's holdings in Snowflake were worth $2,007,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Snowflake by 26.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company's stock worth $36,332,000 after buying an additional 56,027 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Snowflake by 3.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,865 shares of the company's stock worth $792,000 after acquiring an additional 180 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Snowflake by 1.1% in the second quarter. Amalgamated Bank now owns 21,368 shares of the company's stock worth $2,887,000 after acquiring an additional 241 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Snowflake by 2.3% in the 2nd quarter. Blair William & Co. IL now owns 39,095 shares of the company's stock valued at $5,281,000 after purchasing an additional 889 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Snowflake by 2.8% during the 2nd quarter. Intech Investment Management LLC now owns 18,922 shares of the company's stock valued at $2,556,000 after purchasing an additional 522 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of Snowflake stock traded up $3.25 on Friday, reaching $170.89. The stock had a trading volume of 4,156,568 shares, compared to its average volume of 3,873,271. The business's 50 day moving average is $161.11 and its two-hundred day moving average is $134.97. 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 1 year low of $107.13 and a 1 year high of $237.72. The company has a market cap of $56.41 billion, a P/E ratio of -50.41 and a beta of 1.05.

Analyst Ratings Changes

A number of brokerages have issued reports on SNOW. StockNews.com cut Snowflake from a "hold" rating to a "sell" rating in a report on Thursday. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Bank of America boosted their target price on shares of Snowflake from $160.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. TD Cowen raised 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, Royal Bank of Canada boosted their price objective on shares of Snowflake from $175.00 to $188.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $188.06.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares of the company's stock, valued at $124,515,900. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares of the company's stock, valued at $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 over the last ninety days. 7.80% of the stock is owned by corporate insiders.

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.