Snowflake Inc. (NYSE:SNOW) Shares Purchased by OV Management LLC

OV Management LLC grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,528 shares of the company’s stock after acquiring an additional 199 shares during the quarter. OV Management LLC’s holdings in Snowflake were worth $545,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the 4th quarter valued at approximately $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the third quarter valued at $25,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 144 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after buying an additional 230 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Mizuho boosted their target price on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their price target on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, KeyCorp upped their price target on shares of Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.83.

Insider Activity at Snowflake

In related news, CFO Michael Scarpelli sold 300,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the transaction, the chief financial officer now directly owns 292,610 shares in the company, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 503,968 shares of company stock valued at $84,363,550. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Down 2.9 %

Snowflake stock opened at $146.29 on Tuesday. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company’s fifty day moving average price is $171.49 and its two-hundred day moving average price is $151.82. 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 company has a market capitalization of $48.29 billion, a price-to-earnings ratio of -43.15 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.