SevenBridge Financial Group LLC Has $338,000 Stock Position in Snowflake Inc. (NYSE:SNOW)

SevenBridge Financial Group LLC lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,190 shares of the company’s stock after selling 125 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Snowflake were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter worth approximately $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the third quarter worth $25,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 144 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SNOW shares. Citigroup lifted their price target on Snowflake from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Needham & Company LLC raised their price target on shares of Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Macquarie started coverage on shares of Snowflake in a research note on Wednesday. They issued a “neutral” rating and a $160.00 price objective on the stock. Finally, Truist Financial lowered their target price on Snowflake from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $203.05.

Snowflake Price Performance

Shares of NYSE SNOW opened at $154.23 on Thursday. The company has a market capitalization of $50.91 billion, a PE ratio of -45.50 and a beta of 1.07. 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’s 50 day moving average price is $170.55 and its 200-day moving average price is $152.08. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.

Insider Buying and Selling

In other news, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the completion of the sale, the executive now owns 308,164 shares in the company, valued at $56,045,786.68. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 491,186 shares of company stock worth $82,353,709. 7.80% of the stock is 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.