Snowflake Inc. (NYSE:SNOW) Stock Holdings Increased by LPL Financial LLC

LPL Financial LLC boosted its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,646 shares of the company's stock after acquiring an additional 48,403 shares during the quarter. LPL Financial LLC owned about 0.05% of Snowflake worth $27,276,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SNOW. Groupama Asset Managment purchased a new position in shares of Snowflake during the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new position in Snowflake during the 4th quarter valued at $29,000. Blue Bell Private Wealth Management LLC increased its position in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after purchasing an additional 144 shares during the last quarter. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on SNOW shares. Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Piper Sandler upped their price target on Snowflake from $208.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Needham & Company LLC raised their price objective on Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Finally, Oppenheimer lifted their price target on shares of Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $204.14.

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Insider Buying and Selling

In related news, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the transaction, the chief financial officer now owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 1,783 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the sale, the director now owns 192,511 shares of the company's stock, valued at $28,345,319.64. The trade was a 0.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,968 shares of company stock worth $84,363,550 in the last three months. 7.80% of the stock is currently owned by insiders.

Snowflake Price Performance

Snowflake stock traded up $3.40 during mid-day trading on Tuesday, hitting $149.56. The company's stock had a trading volume of 3,422,349 shares, compared to its average volume of 5,808,707. The stock has a market capitalization of $49.37 billion, a P/E ratio of -44.12 and a beta of 1.07. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The stock's fifty day moving average price is $171.49 and its two-hundred day moving average price is $151.82. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.