Centaurus Financial Inc. Boosts Stock Position in Snowflake Inc. (NYSE:SNOW)

Centaurus Financial Inc. boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,159 shares of the company’s stock after acquiring an additional 582 shares during the quarter. Centaurus Financial Inc.’s holdings in Snowflake were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its holdings in shares of Snowflake by 26.1% in the first quarter. ProShare Advisors LLC now owns 1,424 shares of the company’s stock valued at $230,000 after acquiring an additional 295 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of Snowflake during the 1st quarter worth approximately $238,000. LRI Investments LLC acquired a new stake in shares of Snowflake in the 1st quarter valued at approximately $29,000. BOKF NA lifted its holdings in shares of Snowflake by 1,424.9% in the 1st quarter. BOKF NA now owns 7,960 shares of the company’s stock valued at $1,278,000 after buying an additional 7,438 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new position in Snowflake during the first quarter worth $323,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SNOW shares. TD Cowen raised their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America upped their target price on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Citigroup reduced their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $181.09.

Insider Transactions at Snowflake

In other news, CRO Christopher William Degnan sold 76,692 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the sale, the executive now owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Slootman sold 1,606 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total value of $176,595.76. Following the completion of the sale, the director now owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. This trade represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,126 shares of company stock worth $28,058,461. 7.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 2.5 %

SNOW stock opened at $171.60 on Tuesday. The company has a market cap of $57.52 billion, a PE ratio of -50.62 and a beta of 0.83. The stock has a 50-day moving average price of $121.23 and a two-hundred day moving average price of $127.91. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

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.