Synergy Financial Group LTD Buys 703 Shares of Snowflake Inc. (NYSE:SNOW)

Synergy Financial Group LTD increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 24.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,528 shares of the company’s stock after acquiring an additional 703 shares during the quarter. Synergy Financial Group LTD’s holdings in Snowflake were worth $545,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Dedication LLC lifted its holdings in shares of Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group increased its position in Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after purchasing an additional 90 shares in the last quarter. Catalyst Private Wealth LLC boosted its holdings in Snowflake by 3.2% in the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares during the period. Finally, First Horizon Advisors Inc. grew its position 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 in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on Snowflake from $155.00 to $190.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. KeyCorp boosted their price target on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Needham & Company LLC increased their price objective on shares of Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Piper Sandler boosted their target price on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Snowflake Stock Performance

NYSE:SNOW opened at $170.78 on Tuesday. The company has a market capitalization of $56.38 billion, a P/E ratio of -50.38 and a beta of 1.07. The business has a fifty day simple moving average of $172.85 and a two-hundred day simple moving average of $144.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the sale, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 371,810 shares of company stock worth $63,340,544 over the last quarter. 7.80% of the stock is currently owned by company insiders.

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.