Cable Hill Partners LLC Purchases Shares of 1,320 Snowflake Inc. (NYSE:SNOW)

Cable Hill Partners LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, Holdings Channel reports. The fund purchased 1,320 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently modified their holdings of SNOW. Groupama Asset Managment purchased a new stake in shares of Snowflake in the third quarter valued at about $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of Snowflake during the third quarter valued at approximately $34,000. Perkins Coie Trust Co lifted its stake in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction 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 in the company, valued at $56,045,786.68. This represents a 3.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the 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 transaction, the executive vice president now owns 691,755 shares in the company, valued at $124,515,900. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 312,193 shares of company stock worth $52,833,048 in the last ninety days. 7.80% of the stock is owned by insiders.

Snowflake Price Performance

Shares of SNOW stock opened at $173.78 on Friday. The company has a market capitalization of $57.36 billion, a PE ratio of -51.26 and a beta of 1.07. The firm has a fifty day simple moving average of $172.98 and a 200-day simple moving average of $145.14. 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 $233.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNOW shares. Royal Bank of Canada upped their price objective on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research note on Thursday. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Thursday. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Thursday, February 20th. Wolfe Research raised 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, February 18th. Finally, Rosenblatt Securities upped their price target on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $202.92.

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.