Rothschild Investment LLC Has $710,000 Stock Position in Snowflake Inc. (NYSE:SNOW)

Rothschild Investment LLC grew its holdings in Snowflake Inc. (NYSE:SNOW) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,598 shares of the company’s stock after acquiring an additional 128 shares during the quarter. Rothschild Investment LLC’s holdings in Snowflake were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stonebridge Financial Group LLC bought a new position in Snowflake in the fourth quarter valued at $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the 3rd quarter worth about $25,000. Perkins Coie Trust Co grew its holdings in shares of Snowflake by 136.3% in 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 in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after acquiring 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 about $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Bank of America raised their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Scotiabank upped their price target on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. KeyCorp lifted their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average price target of $193.43.

Snowflake Stock Down 4.0 %

Shares of NYSE SNOW opened at $170.78 on Tuesday. The stock has a market capitalization of $56.38 billion, a P/E ratio of -50.38 and a beta of 1.07. The stock’s fifty day moving average is $172.85 and its 200 day moving average is $144.51. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $235.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the completion of the sale, the executive vice president now directly owns 690,647 shares in the company, valued at $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the transaction, the executive now owns 308,164 shares in the company, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,810 shares of company stock worth $63,340,544 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

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.