Snowflake Inc. (NYSE:SNOW) Shares Sold by Viawealth LLC

Viawealth LLC reduced its position in Snowflake Inc. (NYSE:SNOW) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,890 shares of the company’s stock after selling 225 shares during the quarter. Viawealth LLC’s holdings in Snowflake were worth $446,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the 4th quarter valued at approximately $29,000. Groupama Asset Managment acquired a new position in Snowflake during the third quarter worth $25,000. Blue Bell Private Wealth Management LLC raised its position in Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 144 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in Snowflake by 136.3% in the fourth 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 period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Snowflake by 1,437.5% during 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 in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the sale, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 3,765 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85. Following the completion of the transaction, the executive vice president now owns 616,602 shares in the company, valued at $95,998,765.38. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,429 shares of company stock valued at $50,065,812. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SNOW shares. JMP Securities reiterated a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. Mizuho lifted their price target on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Oppenheimer upped their price target on Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Citigroup lifted their price objective on Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group upped their target price on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $205.08.

Snowflake Trading Up 1.0 %

SNOW stock opened at $155.89 on Thursday. 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 has a market cap of $51.46 billion, a price-to-earnings ratio of -45.98 and a beta of 1.07. The business has a fifty day simple moving average of $172.91 and a 200-day simple moving average of $148.98. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40.

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.