1,867 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Prospect Financial Services LLC

Prospect Financial Services LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,867 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Breakwater Capital Group increased its position in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after purchasing an additional 90 shares in the last quarter. Modus Advisors LLC grew its position in shares of Snowflake by 3.9% during the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after buying an additional 94 shares in the last quarter. Catalyst Private Wealth LLC increased its stake in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after buying an additional 104 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its holdings in Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 0.8 %

Shares of NYSE:SNOW opened at $175.55 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 stock has a market capitalization of $57.95 billion, a price-to-earnings ratio of -51.79 and a beta of 1.05. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The company has a 50 day moving average price of $166.79 and a 200 day moving average price of $136.37.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the completion of the sale, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 195,281 shares of the company’s stock, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 504,151 shares of company stock worth $84,973,139. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SNOW shares. Evercore ISI upped their target price on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Mizuho upped their price target on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wedbush raised shares of Snowflake from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Truist Financial reissued a “buy” rating and set a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $188.06.

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.