Steward Partners Investment Advisory LLC Increases Stake in Snowflake Inc. (NYSE:SNOW)

Steward Partners Investment Advisory LLC grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,131 shares of the company’s stock after buying an additional 723 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Snowflake were worth $792,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Asset Dedication LLC raised its position in Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after buying an additional 59 shares during the last quarter. Breakwater Capital Group raised its position in Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after buying an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Snowflake by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after buying an additional 90 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Snowflake by 21.1% during the 4th quarter. First Horizon Advisors Inc. now owns 621 shares of the company’s stock worth $96,000 after purchasing an additional 108 shares during the period. Finally, Covestor Ltd grew its stake in shares of Snowflake by 16.2% during the 3rd quarter. Covestor Ltd now owns 827 shares of the company’s stock worth $95,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SNOW. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Thursday, February 20th. Oppenheimer upped their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their price target on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Barclays upped their price target on shares of Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Piper Sandler upped their price target on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.92.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 861 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $165.31, for a total value of $142,331.91. Following the transaction, the executive vice president now owns 582,930 shares in the company, valued at approximately $96,364,158.30. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,923 shares of company stock worth $49,689,983 in the last three months. Company insiders own 7.80% of the company’s stock.

Snowflake Trading Down 7.3 %

Shares of SNOW stock opened at $147.38 on Tuesday. The firm has a market cap of $48.65 billion, a P/E ratio of -43.47 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm’s 50-day simple moving average is $173.64 and its 200-day simple moving average is $147.31.

About Snowflake

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.