Private Trust Co. NA Acquires 1,005 Shares of Snowflake Inc. (NYSE:SNOW)

Private Trust Co. NA increased its holdings in Snowflake Inc. (NYSE:SNOW) by 1,570.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069 shares of the company’s stock after acquiring an additional 1,005 shares during the quarter. Private Trust Co. NA’s holdings in Snowflake were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SNOW. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the fourth quarter worth about $29,000. Groupama Asset Managment bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $25,000. Perkins Coie Trust Co boosted its position in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Snowflake during the 4th quarter valued at approximately $38,000. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNOW has been the topic of a number of recent research reports. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. TD Cowen increased their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Truist Financial restated a “buy” rating and set a $225.00 price objective (up from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. Piper Sandler upped their target price on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Loop Capital raised their price target on shares of Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $202.92.

Snowflake Price Performance

Shares of Snowflake stock opened at $173.92 on Wednesday. The stock’s fifty day moving average is $173.65 and its 200 day moving average is $146.42. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $57.41 billion, a P/E ratio of -51.30 and a beta of 1.07.

Insiders Place Their Bets

In related news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the completion of the transaction, the executive vice president now directly owns 690,647 shares in the company, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the sale, the executive now owns 308,164 shares in the company, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 282,193 shares of company stock worth $47,520,063 over the last quarter. 7.80% of the stock is currently owned by corporate insiders.

About Snowflake

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.