Personal CFO Solutions LLC Invests $216,000 in Snowflake Inc. (NYSE:SNOW)

Personal CFO Solutions LLC bought a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,401 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently made changes to their positions in the business. Groupama Asset Managment bought a new stake in Snowflake in the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC bought a new stake in Snowflake in the 4th quarter valued at about $29,000. Blue Bell Private Wealth Management LLC raised its stake in Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 144 shares during the period. Perkins Coie Trust Co raised its stake in Snowflake by 136.3% in 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 period. Finally, Union Bancaire Privee UBP SA bought a new stake in Snowflake in the 4th quarter valued at about $38,000. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Up 1.5 %

Shares of SNOW opened at $149.75 on Wednesday. The firm has a market cap of $49.43 billion, a P/E ratio of -44.17 and a beta of 1.07. The stock has a 50 day simple moving average of $173.55 and a two-hundred day simple moving average of $147.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 3,029 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total value of $517,959.00. Following the completion of the sale, the executive vice president now owns 684,639 shares in the company, valued at approximately $117,073,269. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 6,714 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total value of $1,148,094.00. Following the completion of the sale, the director now owns 196,454 shares of the company’s stock, valued at $33,593,634. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,923 shares of company stock valued at $49,689,983 over the last quarter. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SNOW has been the topic of a number of research reports. Loop Capital boosted their price objective on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price objective on Snowflake from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald boosted their price objective on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, BTIG Research upgraded Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $202.92.

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.