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

Wealth Alliance lifted its stake in Snowflake Inc. (NYSE:SNOW) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,221 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Wealth Alliance’s holdings in Snowflake were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SNOW. Jennison Associates LLC grew its stake in shares of Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of Snowflake by 19,399.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the period. Two Sigma Advisers LP grew its stake in shares of Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares during the period. International Assets Investment Management LLC grew its stake in shares of Snowflake by 12,318.3% in the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock worth $60,977,000 after acquiring an additional 526,608 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Snowflake by 165.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock worth $61,439,000 after acquiring an additional 333,500 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of research analyst reports. Scotiabank lifted their price target on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. TD Cowen raised their price objective on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JMP Securities reissued a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Evercore ISI raised their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.89.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 195,281 shares in the company, valued at $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 394,345 shares of company stock worth $67,286,835. 7.80% of the stock is currently owned by company insiders.

Snowflake Trading Down 3.9 %

SNOW opened at $177.79 on Friday. The stock has a 50-day moving average of $172.88 and a 200 day moving average of $143.76. 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 12 month low of $107.13 and a 12 month high of $235.66. The firm has a market cap of $58.69 billion, a P/E ratio of -52.45 and a beta of 1.07.

Snowflake Company 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.