Tyler Stone Wealth Management Buys Shares of 5,804 Snowflake Inc. (NYSE:SNOW)

Tyler Stone Wealth Management acquired a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,804 shares of the company's stock, valued at approximately $896,000.

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

Snowflake Stock Performance

Shares of NYSE:SNOW traded down $6.38 on Friday, reaching $150.60. 4,647,822 shares of the company's stock were exchanged, compared to its average volume of 6,381,805. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a fifty day moving average of $171.99 and a 200-day moving average of $151.30. The company has a market capitalization of $49.71 billion, a price-to-earnings ratio of -44.42 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

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Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders have sold 603,968 shares of company stock valued at $99,863,550 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. BTIG Research upgraded Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a report on Thursday, February 20th. Canaccord Genuity Group boosted their price target on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus upped their price objective on Snowflake from $187.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $205.08.

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.