Congress Park Capital LLC Sells 789 Shares of Snowflake Inc. (NYSE:SNOW)

Congress Park Capital LLC lowered its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 7.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,626 shares of the company’s stock after selling 789 shares during the quarter. Congress Park Capital LLC’s holdings in Snowflake were worth $1,486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Groupama Asset Managment purchased a new position in shares of Snowflake in the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new position in Snowflake during the third quarter worth $30,000. Fortitude Family Office LLC bought a new position in Snowflake during the third quarter valued at $34,000. Larson Financial Group LLC raised its stake in shares of Snowflake by 81.3% in the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after acquiring an additional 152 shares during the period. Finally, Waldron Private Wealth LLC bought a new stake in shares of Snowflake in the 3rd quarter worth about $40,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 100,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. This trade represents a 33.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Christopher William Degnan sold 76,692 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the sale, the executive now directly owns 346,741 shares in the company, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 376,904 shares of company stock valued at $62,545,855 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Price Performance

NYSE SNOW opened at $167.90 on Friday. The firm’s fifty day simple moving average is $159.22 and its two-hundred day simple moving average is $134.60. The firm has a market capitalization of $55.43 billion, a P/E ratio of -49.53 and a beta of 1.05. 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 $237.72.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SNOW shares. Piper Sandler upped their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Jefferies Financial Group upped their target price on Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group cut their price objective on Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, KeyCorp increased their target price on Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $187.69.

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.