Quotient Wealth Partners LLC Takes $244,000 Position in Snowflake Inc. (NYSE:SNOW)

Quotient Wealth Partners LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,579 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank increased its position in Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after acquiring an additional 7,239 shares during the period. Prospect Financial Services LLC acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $288,000. Independent Advisor Alliance raised its stake in shares of Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after purchasing an additional 548 shares during the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Snowflake during the fourth quarter worth $5,851,000. Finally, Stephens Consulting LLC grew its position in Snowflake by 7,407.4% in the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company’s stock valued at $313,000 after buying an additional 2,000 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNOW. Bank of America raised their target price on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Oppenheimer boosted their target price on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. KeyCorp lifted their price target on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their target price on Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Citigroup lowered their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.06.

Snowflake Stock Up 1.1 %

Shares of NYSE SNOW opened at $186.08 on Tuesday. The stock has a market capitalization of $61.43 billion, a PE ratio of -54.89 and a beta of 1.07. 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 firm has a fifty day moving average of $170.79 and a 200-day moving average of $139.70. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 45,896 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now directly owns 208,735 shares in the company, valued at $36,749,884.10. This trade represents a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 516,933 shares of company stock valued at $88,283,752. Company insiders own 7.80% of the company’s stock.

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.