Private Wealth Partners LLC Takes $419,000 Position in Snowflake Inc. (NYSE:SNOW)

Private Wealth Partners LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,715 shares of the company’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Asset Dedication LLC grew its holdings in shares of Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group grew its holdings in Snowflake by 2.2% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 period. Catalyst Private Wealth LLC raised 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 acquiring an additional 104 shares during the last quarter. Finally, Clear Creek Financial Management LLC lifted its holdings in shares of Snowflake by 6.7% during the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock worth $210,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly owns 552,930 shares of the company’s stock, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.06, for a total value of $2,224,834.92. Following the sale, the executive now owns 323,731 shares in the company, valued at $56,348,617.86. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 440,241 shares of company stock worth $75,367,285 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Trading Down 3.3 %

Shares of Snowflake stock opened at $186.44 on Thursday. The company has a market capitalization of $61.54 billion, a P/E ratio of -55.00 and a beta of 1.07. The stock has a fifty day simple moving average of $172.37 and a 200 day simple moving average of $143.01. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $235.66. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Royal Bank of Canada raised their price objective on Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. JMP Securities reiterated a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a report on Tuesday, December 3rd. Monness Crespi & Hardt increased their target price on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Wedbush upgraded shares of Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.75.

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.