SWS Partners Acquires 2,045 Shares of Snowflake Inc. (NYSE:SNOW)

SWS Partners grew its holdings in Snowflake Inc. (NYSE:SNOW) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,176 shares of the company’s stock after acquiring an additional 2,045 shares during the period. SWS Partners’ holdings in Snowflake were worth $3,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Groupama Asset Managment purchased a new stake in shares of Snowflake in the 3rd quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the fourth quarter worth about $29,000. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Snowflake during the 4th quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. grew its stake 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 valued at $38,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of Snowflake stock opened at $173.81 on Tuesday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The company has a market capitalization of $57.37 billion, a PE ratio of -51.27 and a beta of 1.07. The stock’s fifty day moving average is $173.43 and its two-hundred day moving average is $146.10. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the sale, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total value of $2,324,662.34. Following the transaction, the executive now owns 308,164 shares in the company, valued at $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,193 shares of company stock worth $50,220,063. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Cantor Fitzgerald upped their target price on shares of Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. UBS Group raised their price target on Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.92.

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.