Avestar Capital LLC decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 31.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,898 shares of the company's stock after selling 1,793 shares during the quarter. Avestar Capital LLC's holdings in Snowflake were worth $602,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in SNOW. Stonebridge Financial Group LLC bought a new position in Snowflake during the 4th quarter worth $29,000. Groupama Asset Managment bought a new position in shares of Snowflake in the third quarter worth $25,000. Perkins Coie Trust Co increased its position in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after purchasing an additional 139 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock worth $38,000 after purchasing an additional 230 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake in the fourth quarter worth $38,000. Institutional investors and hedge funds own 65.10% of the company's stock.
Snowflake Price Performance
SNOW traded down $4.80 during trading on Monday, reaching $187.86. 5,806,291 shares of the company were exchanged, compared to its average volume of 5,077,484. The company has a market cap of $62.01 billion, a price-to-earnings ratio of -55.42 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company's 50-day moving average is $171.66 and its two-hundred day moving average is $142.19. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $236.33.
Insiders Place Their Bets
In related news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president now directly owns 691,755 shares in the company, valued at $124,515,900. This trade represents a 2.12 % decrease in their position. 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 firm's stock in a transaction that occurred on 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 transaction, the director now owns 195,281 shares in the company, valued at approximately $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 have sold 516,933 shares of company stock worth $88,283,752 in the last ninety days. 7.80% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts recently commented on the company. JMP Securities restated a "market outperform" rating and issued a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Truist Financial restated a "buy" rating and issued a $210.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Snowflake from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Monness Crespi & Hardt lifted their target price on Snowflake from $140.00 to $188.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Piper Sandler lifted their target price on Snowflake from $185.00 to $208.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.63.
Read Our Latest Stock Report on Snowflake
Snowflake Company Profile
(
Free Report)
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.
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