SeaCrest Wealth Management LLC Acquires 646 Shares of Snowflake Inc. (NYSE:SNOW)

SeaCrest Wealth Management LLC grew its holdings in Snowflake Inc. (NYSE:SNOW) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,587 shares of the company’s stock after purchasing an additional 646 shares during the period. SeaCrest Wealth Management LLC’s holdings in Snowflake were worth $1,480,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in Snowflake by 4.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,571 shares of the company’s stock worth $3,184,000 after buying an additional 1,085 shares in the last quarter. Plato Investment Management Ltd increased its position in shares of Snowflake by 107.6% in the second quarter. Plato Investment Management Ltd now owns 467 shares of the company’s stock valued at $63,000 after acquiring an additional 242 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Snowflake by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock worth $36,332,000 after acquiring an additional 56,027 shares in the last quarter. Renaissance Technologies LLC boosted its position in Snowflake by 29.2% during the second quarter. Renaissance Technologies LLC now owns 624,502 shares of the company’s stock valued at $84,364,000 after purchasing an additional 141,300 shares during the last quarter. Finally, Andar Capital Management HK Ltd bought a new position in Snowflake in the second quarter valued at approximately $1,891,000. Institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the transaction, the chief accounting officer now directly owns 26,874 shares in the company, valued at $4,667,476.32. This represents a 6.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the sale, the executive now owns 311,999 shares in the company, valued at $49,058,722.76. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 376,904 shares of company stock worth $62,545,855 over the last three months. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of analyst reports. Oppenheimer upped their price objective on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday. Wedbush lowered shares of Snowflake from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Scotiabank boosted their price objective on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Finally, KeyCorp raised their target price on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $187.69.

Snowflake Stock Performance

Shares of Snowflake stock opened at $163.40 on Wednesday. The company has a 50 day moving average of $158.33 and a 200-day moving average of $134.37. The company has a market cap of $53.94 billion, a PE ratio of -48.20 and a beta of 1.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.

Snowflake Company 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.