Sargent Investment Group LLC Takes Position in Snowflake Inc. (NYSE:SNOW)

Sargent Investment Group LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,609 shares of the company’s stock, valued at approximately $586,000.

Other institutional investors have also modified their holdings of the company. Toronto Dominion Bank lifted its stake in shares of Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after buying an additional 7,239 shares in the last quarter. Prospect Financial Services LLC purchased a new position in shares of Snowflake in the fourth quarter worth about $288,000. Independent Advisor Alliance lifted its stake in shares of Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after buying an additional 548 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Snowflake in the fourth quarter worth about $5,851,000. Finally, Stephens Consulting LLC lifted its stake in shares of Snowflake by 7,407.4% in the fourth quarter. Stephens Consulting LLC now owns 2,027 shares of the company’s stock worth $313,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

SNOW stock opened at $189.26 on Wednesday. The company has a fifty day moving average price of $169.70 and a 200 day moving average price of $138.09. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Activity at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive now owns 311,999 shares in the company, valued at approximately $49,058,722.76. This represents a 3.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 45,896 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now directly owns 208,735 shares in the company, valued at approximately $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. Insiders sold a total of 501,933 shares of company stock worth $85,486,252 in the last 90 days. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on SNOW. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Monness Crespi & Hardt lifted their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Cantor Fitzgerald began coverage on shares of Snowflake in a research note on Friday, January 17th. They set an “overweight” rating and a $201.00 target price on the stock. Evercore ISI lifted their target price on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, StockNews.com downgraded shares of Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Two 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, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $187.06.

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.