SYM FINANCIAL Corp Takes Position in Snowflake Inc. (NYSE:SNOW)

SYM FINANCIAL Corp purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,569 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SNOW. The Manufacturers Life Insurance Company grew its stake in shares of Snowflake by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,182 shares of the company’s stock worth $4,482,000 after acquiring an additional 146 shares in the last quarter. Cetera Investment Advisers grew its position in Snowflake by 8.0% in the 2nd quarter. Cetera Investment Advisers now owns 68,800 shares of the company’s stock worth $9,294,000 after purchasing an additional 5,112 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Snowflake in the 2nd quarter valued at about $3,352,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Snowflake by 1,265.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 546 shares of the company’s stock worth $63,000 after buying an additional 506 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of Snowflake by 1.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 121,873 shares of the company’s stock worth $13,998,000 after buying an additional 1,354 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on SNOW shares. Oppenheimer increased their price target on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Cantor Fitzgerald started coverage on Snowflake in a research note on Friday, January 17th. They set an “overweight” rating and a $201.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Piper Sandler raised their price objective on shares of Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Loop Capital boosted their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.06.

Snowflake Price Performance

SNOW stock opened at $181.66 on Monday. The firm has a 50 day simple moving average of $169.48 and a two-hundred day simple moving average of $137.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $59.97 billion, a PE ratio of -53.59 and a beta of 1.05. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Insider Buying and Selling

In other news, CRO Christopher William Degnan sold 76,692 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the sale, the executive now owns 346,741 shares of the company’s stock, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 504,151 shares of company stock worth $84,973,139. Corporate insiders own 7.80% of the company’s stock.

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.