Proficio Capital Partners LLC Purchases Shares of 53,889 Snowflake Inc. (NYSE:SNOW)

Proficio Capital Partners LLC acquired a new position in Snowflake Inc. (NYSE:SNOWFree 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

A number of research firms have weighed in on SNOW. Jefferies Financial Group upped their target price on Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 21st. UBS Group increased their price objective on Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Wedbush set a $210.00 target price on shares of Snowflake in a report on Wednesday, January 22nd. Stifel Nicolaus increased their price target on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.92.

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

(Free Report)

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

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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