Ashton Thomas Securities LLC Grows Stock Position in Snowflake Inc. (NYSE:SNOW)

Ashton Thomas Securities LLC grew its holdings in Snowflake Inc. (NYSE:SNOW) by 26,250.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,108 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Snowflake were worth $325,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jennison Associates LLC grew its holdings in shares of Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares during the last quarter. State Street Corp increased its holdings in shares of Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after purchasing an additional 54,909 shares during the period. GQG Partners LLC purchased a new position in shares of Snowflake in the fourth quarter worth about $750,572,000. Geode Capital Management LLC lifted its holdings in shares of Snowflake by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock worth $475,894,000 after purchasing an additional 138,663 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after buying an additional 881,700 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the subject of several research reports. Oppenheimer lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Mizuho upped their price target on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush set a $210.00 target price on Snowflake in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group lifted their price target on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.08.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 1,783 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the completion of the sale, the director now owns 192,511 shares in the company, valued at $28,345,319.64. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,968 shares of company stock valued at $50,900,550 over the last ninety days. Company insiders own 7.80% of the company’s stock.

Snowflake Trading Down 0.2 %

Shares of SNOW stock opened at $162.86 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company’s 50-day moving average price is $172.75 and its 200-day moving average price is $150.63. The stock has a market cap of $53.76 billion, a price-to-earnings ratio of -48.04 and a beta of 1.07.

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.