Centurion Wealth Management LLC Grows Position in Snowflake Inc. (NYSE:SNOW)

Centurion Wealth Management LLC grew its stake in shares of Snowflake Inc. (NYSE:SNOW) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,036 shares of the company’s stock after purchasing an additional 132 shares during the quarter. Centurion Wealth Management LLC’s holdings in Snowflake were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jennison Associates LLC lifted its stake in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in Snowflake by 19,399.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the period. Two Sigma Advisers LP lifted its stake in Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares during the period. Raymond James Financial Inc. purchased a new stake in Snowflake in the fourth quarter worth $124,433,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Snowflake by 165.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock worth $61,439,000 after acquiring an additional 333,500 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 4.4 %

SNOW stock opened at $156.41 on Friday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $51.63 billion, a P/E ratio of -46.14 and a beta of 1.07. The business’s 50-day moving average price is $173.24 and its 200-day moving average price is $148.09.

Insider Buying and Selling

In other news, Director Frank Slootman sold 1,783 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now owns 192,511 shares of the company’s stock, valued at approximately $28,345,319.64. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,391 shares of company stock valued at $50,053,371. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price target on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a report on Thursday, February 27th. Mizuho increased their price objective on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Wolfe Research upgraded Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $202.92.

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.