Proficio Capital Partners LLC acquired a new position in Snowflake Inc. (NYSE:SNOW – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 53,889 shares of the company’s stock, valued at approximately $8,321,000.
A number of other large investors have also recently made changes to their positions in the business. Stonebridge Financial Group LLC bought a new stake in Snowflake in the fourth quarter valued at $29,000. Groupama Asset Managment bought a new stake in shares of Snowflake during the 3rd quarter valued at about $25,000. Perkins Coie Trust Co increased its position in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 1,437.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after buying an additional 230 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Snowflake in the fourth quarter worth about $38,000. 65.10% of the stock is currently owned by institutional investors.
Snowflake Stock Performance
Shares of SNOW opened at $156.41 on Friday. The business has a 50-day simple moving average of $173.24 and a two-hundred day simple moving average of $148.09. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of -46.14 and a beta of 1.07.
Analysts Set New Price Targets
Read Our Latest Research Report on Snowflake
Insider Buying and Selling
In related news, EVP Christian Kleinerman sold 685 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $100,859.40. Following the completion of the sale, the executive vice president now owns 622,611 shares in the company, valued at approximately $91,673,243.64. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 6,714 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total value of $1,148,094.00. Following the completion of the transaction, the director now directly owns 196,454 shares in the company, valued at approximately $33,593,634. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,391 shares of company stock valued at $50,053,371. 7.80% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Snowflake
- The Most Important Warren Buffett Stock for Investors: His Own
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- About the Markup Calculator
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.