Snowflake Inc. (NYSE:SNOW) Shares Acquired by Stephens Consulting LLC

Stephens Consulting LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 7,407.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,027 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Stephens Consulting LLC’s holdings in Snowflake were worth $313,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Groupama Asset Managment acquired a new position in shares of Snowflake in the third quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in Snowflake in the 3rd quarter valued at $30,000. Fortitude Family Office LLC purchased a new position in Snowflake during the 3rd quarter worth $34,000. Perkins Coie Trust Co lifted its stake in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 45,896 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now directly owns 208,735 shares in the company, valued at $36,749,884.10. This represents a 18.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 504,151 shares of company stock valued at $84,973,139 in the last quarter. Company insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Snowflake stock opened at $182.70 on Tuesday. The firm has a fifty day moving average of $169.70 and a 200-day moving average of $138.09. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. 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 firm has a market capitalization of $60.31 billion, a P/E ratio of -53.89 and a beta of 1.07.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price target on shares of Snowflake in a report on Tuesday, November 19th. StockNews.com downgraded Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Oppenheimer lifted their price target on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.06.

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.