Apollon Wealth Management LLC Purchases 903 Shares of Snowflake Inc. (NYSE:SNOW)

Apollon Wealth Management LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,447 shares of the company’s stock after purchasing an additional 903 shares during the period. Apollon Wealth Management LLC’s holdings in Snowflake were worth $1,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its stake in Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after acquiring an additional 59 shares in the last quarter. Breakwater Capital Group increased its holdings in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after buying an additional 62 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after acquiring an additional 90 shares during the last quarter. Catalyst Private Wealth LLC boosted its stake in shares of Snowflake by 3.2% during the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in Snowflake by 6.7% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock worth $210,000 after buying an additional 115 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Up 1.1 %

Snowflake stock opened at $186.08 on Tuesday. The stock has a market cap of $61.43 billion, a PE ratio of -54.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s 50-day simple moving average is $170.79 and its 200 day simple moving average is $139.70. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Analyst Upgrades and Downgrades

SNOW has been the subject of several analyst reports. Oppenheimer raised their price target on shares of Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. TD Cowen increased their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Truist Financial restated a “buy” rating and issued a $210.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Finally, Loop Capital boosted their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.06.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the sale, the executive vice president now owns 691,755 shares of the company’s stock, valued at approximately $124,515,900. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now directly owns 308,164 shares of the company’s stock, valued at $56,045,786.68. This represents a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 516,933 shares of company stock worth $88,283,752. 7.80% of the stock is owned by company insiders.

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.