2,574 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, HoldingsChannel reports. The fund bought 2,574 shares of the company’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment bought a new stake in shares of Snowflake in the third quarter valued at approximately $25,000. Perkins Coie Trust Co boosted its position in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Snowflake in the fourth quarter valued at $38,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Snowflake during the 3rd quarter valued at about $30,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNOW. Needham & Company LLC increased their target price on shares of Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Mizuho raised their price target on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com cut Snowflake from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Scotiabank boosted their target price on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now owns 195,281 shares in the company, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 504,151 shares of company stock worth $84,973,139. 7.80% of the stock is owned by corporate insiders.

Snowflake Trading Down 1.9 %

Shares of NYSE:SNOW opened at $179.42 on Friday. The stock has a 50 day moving average of $169.02 and a 200 day moving average of $137.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $59.23 billion, a PE ratio of -52.93 and a beta of 1.05. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

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.