Stamos Capital Partners L.P. decreased its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,040 shares of the company's stock after selling 5,050 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Snowflake were worth $1,241,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of SNOW. Sagespring Wealth Partners LLC bought a new stake in shares of Snowflake in the 4th quarter worth approximately $417,000. Sterling Capital Management LLC increased its holdings in shares of Snowflake by 7.8% in the fourth quarter. Sterling Capital Management LLC now owns 13,417 shares of the company's stock valued at $2,072,000 after buying an additional 974 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Snowflake by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 139,056 shares of the company's stock valued at $21,472,000 after acquiring an additional 880 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Snowflake by 3.4% during the 4th quarter. Neuberger Berman Group LLC now owns 54,276 shares of the company's stock worth $8,381,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Winslow Capital Management LLC acquired a new position in shares of Snowflake in the 4th quarter worth $172,683,000. 65.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. BTIG Research raised Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research note on Thursday, February 20th. Needham & Company LLC boosted their price target on shares of Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Guggenheim restated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Barclays lifted their price objective on shares of Snowflake from $190.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, UBS Group increased their target price on Snowflake from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.51.
Get Our Latest Analysis on Snowflake
Insider Activity at Snowflake
In related news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now directly owns 26,375 shares of the company's stock, valued at $3,408,968.75. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 127,247 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now owns 195,281 shares in the company, valued at approximately $34,418,276.25. This trade represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 491,589 shares of company stock worth $82,405,796 over the last 90 days. Insiders own 7.80% of the company's stock.
Snowflake Trading Up 1.4 %
NYSE:SNOW traded up $2.04 during trading hours on Tuesday, hitting $146.59. 2,381,015 shares of the stock were exchanged, compared to its average volume of 6,422,453. The company's 50 day moving average is $161.48 and its two-hundred day moving average is $153.98. The company has a market capitalization of $48.39 billion, a P/E ratio of -43.24 and a beta of 1.13. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. 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
(
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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