Kirtland Hills Capital Management LLC Has $2.46 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Kirtland Hills Capital Management LLC lifted its stake in Snowflake Inc. (NYSE:SNOW) by 40.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,920 shares of the company’s stock after acquiring an additional 4,559 shares during the quarter. Snowflake makes up 1.6% of Kirtland Hills Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Kirtland Hills Capital Management LLC’s holdings in Snowflake were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SNOW. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the 4th quarter worth $29,000. Groupama Asset Managment acquired a new position in Snowflake during the third quarter worth $25,000. Perkins Coie Trust Co increased its position in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Snowflake by 1,437.5% during the fourth 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 acquired a new position in Snowflake during the fourth quarter worth $38,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Stock Down 4.0 %

Shares of SNOW opened at $164.14 on Wednesday. The company has a market capitalization of $54.18 billion, a P/E ratio of -48.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a one year low of $107.13 and a one year high of $235.66. The business’s 50 day simple moving average is $172.71 and its 200-day simple moving average is $144.79.

Insiders Place Their Bets

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction 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 transaction, the executive now owns 308,164 shares of the company’s stock, valued at approximately $56,045,786.68. This represents a 3.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president now directly owns 691,755 shares in the company, valued at approximately $124,515,900. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,810 shares of company stock valued at $63,340,544. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. UBS Group increased their price target on Snowflake from $155.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Mizuho increased their price target on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. TD Cowen raised their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $196.19.

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.