Snowflake Inc. (NYSE:SNOW) Shares Sold by Wealth Architects LLC

Wealth Architects LLC trimmed its position in Snowflake Inc. (NYSE:SNOW) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,651 shares of the company’s stock after selling 406 shares during the quarter. Wealth Architects LLC’s holdings in Snowflake were worth $1,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SNOW. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake in the 4th quarter worth approximately $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake in the 3rd quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 144 shares during the last quarter. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of 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 during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Performance

Shares of SNOW opened at $156.41 on Monday. The company has a 50-day simple moving average of $173.24 and a 200-day simple moving average of $148.35. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $51.63 billion, a PE ratio of -46.14 and a beta of 1.07. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 6,714 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total transaction of $1,148,094.00. Following the completion of the transaction, the director now directly owns 196,454 shares in the company, valued at approximately $33,593,634. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 3,029 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total transaction of $517,959.00. Following the transaction, the executive vice president now owns 684,639 shares of the company’s stock, valued at $117,073,269. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,391 shares of company stock worth $50,053,371 in the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of several recent research reports. UBS Group upped their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Rosenblatt Securities upped their target price on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JMP Securities reaffirmed a “market outperform” rating and set a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $202.92.

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.