Snowflake Inc. (NYSE:SNOW) Shares Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC raised its holdings in Snowflake Inc. (NYSE:SNOW) by 43.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,903 shares of the company’s stock after buying an additional 4,548 shares during the quarter. FourThought Financial Partners LLC’s holdings in Snowflake were worth $2,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in Snowflake during the fourth quarter worth approximately $248,000. Bank of New York Mellon Corp boosted its holdings in Snowflake by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,339,313 shares of the company’s stock valued at $206,803,000 after acquiring an additional 143,560 shares during the last quarter. Synergy Financial Group LTD increased its stake in Snowflake by 24.9% during the fourth quarter. Synergy Financial Group LTD now owns 3,528 shares of the company’s stock worth $545,000 after acquiring an additional 703 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of Snowflake by 2.9% in the 4th quarter. Rothschild Investment LLC now owns 4,598 shares of the company’s stock valued at $710,000 after purchasing an additional 128 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Snowflake by 3.3% during the 4th quarter. IFP Advisors Inc now owns 4,869 shares of the company’s stock worth $752,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president now owns 691,755 shares in the company, valued at $124,515,900. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares in the company, valued at $30,268,555. This trade represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 371,810 shares of company stock valued at $63,340,544 in the last 90 days. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen raised their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their price target on Snowflake from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Thursday, February 20th. Finally, Loop Capital boosted their price objective on Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Snowflake Stock Performance

SNOW opened at $170.78 on Tuesday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66. The stock has a market cap of $56.38 billion, a PE ratio of -50.38 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $172.85 and its 200-day simple moving average is $144.51.

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.