Sequoia Financial Advisors LLC Has $528,000 Position in Snowflake Inc. (NYSE:SNOW)

Sequoia Financial Advisors LLC lowered its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 42.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,417 shares of the company's stock after selling 2,510 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Snowflake were worth $528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after purchasing an additional 7,239 shares during the period. Prospect Financial Services LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $288,000. Independent Advisor Alliance raised its position in shares of Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company's stock worth $468,000 after purchasing an additional 548 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock worth $104,028,000 after purchasing an additional 8,857 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new stake in Snowflake in the 4th quarter valued at approximately $5,851,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business's stock in a transaction dated Monday, December 30th. The shares were 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 directly owns 195,281 shares of the company's stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 298,429 shares of company stock worth $50,065,812 in the last three months. Insiders own 7.80% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on SNOW shares. Truist Financial restated a "buy" rating and issued a $225.00 target price (up from $210.00) on shares of Snowflake in a research report on Thursday, February 27th. BTIG Research upgraded Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Thursday, February 20th. Royal Bank of Canada raised their target price on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Barclays increased their price target on Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, KeyCorp raised their price objective on Snowflake from $210.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $205.08.

Snowflake Price Performance

Shares of Snowflake stock traded up $0.75 during midday trading on Friday, hitting $157.94. 3,601,184 shares of the company were exchanged, compared to its average volume of 6,048,968. The firm has a 50 day simple moving average of $172.83 and a 200-day simple moving average of $149.04. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The firm has a market cap of $52.14 billion, a P/E ratio of -46.59 and a beta of 1.07. 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 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.