TBH Global Asset Management LLC Has $890,000 Position in Snowflake Inc. (NYSE:SNOW)

TBH Global Asset Management LLC cut its stake in Snowflake Inc. (NYSE:SNOW) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,764 shares of the company’s stock after selling 313 shares during the quarter. TBH Global Asset Management LLC’s holdings in Snowflake were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the 4th quarter valued at $29,000. Groupama Asset Managment bought a new stake in shares of Snowflake during the 3rd quarter worth about $25,000. Perkins Coie Trust Co increased its holdings in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after purchasing an additional 230 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Snowflake during the fourth quarter worth approximately $38,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Down 3.3 %

Shares of NYSE:SNOW opened at $186.44 on Thursday. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $235.66. The firm has a market cap of $61.54 billion, a P/E ratio of -55.00 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 company’s 50-day moving average price is $172.37 and its two-hundred day moving average price is $143.01.

Analysts Set New Price Targets

SNOW has been the topic of a number of recent analyst reports. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JMP Securities reiterated a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a report on Tuesday, December 3rd. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $150.00 to $200.00 in a research report on Tuesday, January 7th. Jefferies Financial Group increased 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. Finally, Citigroup dropped their price target on Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.75.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 approximately $103,121,445. This trade represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the sale, the director now owns 208,735 shares of the company’s stock, valued at $36,749,884.10. The trade was a 18.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,241 shares of company stock valued at $75,367,285. 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.