17,263 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Americana Partners LLC

Americana Partners LLC bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,263 shares of the company’s stock, valued at approximately $2,666,000.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $200.00 in a research note on Tuesday, January 7th. Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. KeyCorp lifted their target price on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $187.63.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 45,896 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president now directly owns 691,755 shares of the company’s stock, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 516,933 shares of company stock valued at $88,283,752 in the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Snowflake stock opened at $187.86 on Tuesday. 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 company has a market capitalization of $62.01 billion, a PE ratio of -55.42 and a beta of 1.07. The company has a 50 day moving average price of $171.66 and a 200-day moving average price of $142.19. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $236.33.

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.