Mirador Capital Partners LP Sells 1,592 Shares of Snowflake Inc. (NYSE:SNOW)

Mirador Capital Partners LP lessened its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,488 shares of the company's stock after selling 1,592 shares during the period. Mirador Capital Partners LP's holdings in Snowflake were worth $3,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RMR Wealth Builders bought a new position in shares of Snowflake during the fourth quarter valued at $216,000. Thurston Springer Miller Herd & Titak Inc. increased its position 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 purchasing an additional 90 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Snowflake by 50.7% during the 4th quarter. Park Avenue Securities LLC now owns 13,000 shares of the company's stock valued at $2,007,000 after purchasing an additional 4,373 shares during the last quarter. Oak Thistle LLC lifted its holdings in Snowflake by 10.6% during the 4th quarter. Oak Thistle LLC now owns 5,183 shares of the company's stock valued at $800,000 after purchasing an additional 495 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in Snowflake by 7.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 9,587 shares of the company's stock valued at $1,480,000 after buying an additional 646 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Emily Ho sold 1,508 shares of the firm's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares of the company's stock, valued at $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 376,904 shares of company stock worth $62,545,855 in the last 90 days. Corporate insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Snowflake from $160.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $180.00 price objective on shares of Snowflake in a research report on Tuesday, November 19th. Needham & Company LLC boosted their price objective on Snowflake from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. JMP Securities restated a "market outperform" rating and issued a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, DA Davidson reiterated a "buy" rating and set a $175.00 price target on shares of Snowflake in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $187.69.

Snowflake Trading Up 1.3 %

NYSE:SNOW traded up $2.19 on Thursday, reaching $167.90. The company's stock had a trading volume of 4,427,135 shares, compared to its average volume of 5,100,596. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The business's 50-day moving average price is $159.22 and its two-hundred day moving average price is $134.60. The firm has a market cap of $55.43 billion, a PE ratio of -49.53 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

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.