Calton & Associates Inc. acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 2,600 shares of the company’s stock, valued at approximately $401,000.
A number of other hedge funds have also modified their holdings of the company. Asset Dedication LLC boosted its holdings in shares of Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group boosted its stake in Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after buying an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Snowflake by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after buying an additional 90 shares in the last quarter. Modus Advisors LLC increased its stake in Snowflake by 3.9% in the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after acquiring an additional 94 shares during the last quarter. Finally, Catalyst Private Wealth LLC raised its holdings in shares of Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on SNOW shares. Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $150.00 to $200.00 in a report on Tuesday, January 7th. Truist Financial restated a “buy” rating and set a $210.00 target price on shares of Snowflake in a research report on Thursday, November 21st. JMP Securities reiterated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Needham & Company LLC upped their price objective on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen lifted their target price on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $188.06.
Snowflake Price Performance
Shares of NYSE SNOW opened at $179.42 on Friday. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The business has a fifty day moving average price of $169.02 and a 200 day moving average price of $137.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.
Insiders Place Their Bets
In other Snowflake news, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at approximately $34,418,276.25. This trade represents a 39.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 504,151 shares of company stock valued at $84,973,139. 7.80% of the stock is currently owned by 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.
Featured Stories
- Five stocks we like better than Snowflake
- 3 Small Caps With Big Return Potential
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- Earnings Per Share Calculator: How to Calculate EPS
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Using the MarketBeat Dividend Yield Calculator
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW – Free Report).
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.