Wealth Alliance Purchases 200 Shares of Snowflake Inc. (NYSE:SNOW)

Wealth Alliance boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,221 shares of the company’s stock after purchasing an additional 200 shares during the period. Wealth Alliance’s holdings in Snowflake were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Asset Dedication LLC grew its stake in Snowflake by 6.8% in the 4th 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 grew its stake in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after acquiring an additional 90 shares in the last quarter. Catalyst Private Wealth LLC grew its stake in Snowflake by 3.2% in the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in Snowflake by 6.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock worth $210,000 after acquiring an additional 115 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SNOW shares. Rosenblatt Securities restated a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research note on Tuesday, November 19th. Mizuho increased their price objective on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and set a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. TD Cowen increased their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Wolfe Research upgraded shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.89.

Snowflake Trading Down 3.9 %

Shares of Snowflake stock opened at $177.79 on Friday. 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 firm has a fifty day moving average price of $172.88 and a 200 day moving average price of $143.76. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66. The stock has a market cap of $58.69 billion, a PE ratio of -52.45 and a beta of 1.07.

Insider Buying and Selling

In related news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares of the company’s stock, valued at $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 394,345 shares of company stock valued at $67,286,835 over the last 90 days. Insiders own 7.80% of the company’s stock.

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.