Beacon Financial Group Sells 130 Shares of Snowflake Inc. (NYSE:SNOW)

Beacon Financial Group decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,705 shares of the company’s stock after selling 130 shares during the quarter. Beacon Financial Group’s holdings in Snowflake were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Groupama Asset Managment bought a new position in shares of Snowflake in the 3rd quarter valued at $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the fourth quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in Snowflake in the third quarter valued at about $30,000. Fortitude Family Office LLC acquired a new position in Snowflake during the third quarter worth about $34,000. Finally, Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% in the fourth 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 last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Up 2.2 %

Shares of NYSE SNOW opened at $187.56 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company’s fifty day simple moving average is $171.21 and its 200 day simple moving average is $140.48. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $236.33.

Analyst Upgrades and Downgrades

SNOW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Wedbush upgraded shares of Snowflake from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Needham & Company LLC boosted their price objective on Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Citigroup dropped their target price on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.63.

Insider Activity

In related news, EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total value of $99,882.00. Following the completion of the sale, the executive vice president now owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at $4,667,476.32. This trade represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 516,933 shares of company stock worth $88,283,752. Company insiders own 7.80% of the company’s stock.

About Snowflake

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.