Creative Financial Designs Inc. ADV Increases Stock Position in Snowflake Inc. (NYSE:SNOW)

Creative Financial Designs Inc. ADV grew its position in Snowflake Inc. (NYSE:SNOW) by 79.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359 shares of the company’s stock after purchasing an additional 159 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Snowflake were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SNOW. Jennison Associates LLC grew its position in Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares during the period. Two Sigma Advisers LP grew its position in Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after buying an additional 881,700 shares during the period. Raymond James Financial Inc. bought a new position in Snowflake during the fourth quarter valued at about $124,433,000. Caisse DE Depot ET Placement DU Quebec grew its position in Snowflake by 165.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock valued at $61,439,000 after buying an additional 333,500 shares during the period. Finally, Amundi grew its position in Snowflake by 37.9% during the fourth quarter. Amundi now owns 1,047,327 shares of the company’s stock valued at $168,651,000 after buying an additional 287,729 shares during the period. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In related news, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the sale, the executive now directly owns 311,999 shares of the company’s stock, valued at approximately $49,058,722.76. This represents a 3.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 861 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $165.31, for a total transaction of $142,331.91. Following the sale, the executive vice president now directly owns 582,930 shares in the company, valued at $96,364,158.30. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 298,429 shares of company stock worth $50,065,812 in the last three months. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SNOW shares. Truist Financial restated a “buy” rating and set a $225.00 price target (up previously from $210.00) on shares of Snowflake in a research report on Thursday, February 27th. Jefferies Financial Group increased their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company increased their target price on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Stifel Nicolaus increased their target price on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, UBS Group increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

Snowflake Stock Up 0.5 %

Shares of NYSE SNOW opened at $157.94 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The firm has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07. The firm has a fifty day simple moving average of $172.74 and a two-hundred day simple moving average of $149.34.

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.