First Pacific Financial Sells 68 Shares of Snowflake Inc. (NYSE:SNOW)

First Pacific Financial decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,479 shares of the company’s stock after selling 68 shares during the period. First Pacific Financial’s holdings in Snowflake were worth $1,000,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Groupama Asset Managment bought a new stake in Snowflake during the third quarter worth about $25,000. V Square Quantitative Management LLC bought a new stake in Snowflake during the third quarter worth about $30,000. Fortitude Family Office LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at about $34,000. Larson Financial Group LLC lifted its stake in shares of Snowflake by 81.3% in the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after acquiring an additional 152 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at about $40,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

SNOW stock opened at $167.90 on Friday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $160.11 and its 200 day simple moving average is $134.83. The stock has a market capitalization of $55.43 billion, a PE ratio of -49.53 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Snowflake from a “hold” rating to a “sell” rating in a research note on Thursday. Oppenheimer boosted their target price on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday. Needham & Company LLC boosted their target price on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Monness Crespi & Hardt boosted their price target on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Evercore ISI boosted their price target on Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.06.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the sale, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. This trade represents a 33.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president now owns 691,755 shares of the company’s stock, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 376,904 shares of company stock valued at $62,545,855. 7.80% of the stock is owned by corporate insiders.

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.