Brighton Jones LLC Increases Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Brighton Jones LLC boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 90.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,885 shares of the company’s stock after purchasing an additional 29,320 shares during the period. Brighton Jones LLC’s holdings in Snowflake were worth $9,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SNOW. New Century Financial Group LLC acquired a new stake in shares of Snowflake during the 4th quarter worth about $267,000. Spinnaker Investment Group LLC purchased a new position in Snowflake during the fourth quarter worth about $226,000. IVC Wealth Advisors LLC acquired a new stake in shares of Snowflake during the fourth quarter valued at about $244,000. Donoghue Forlines LLC boosted its position in shares of Snowflake by 168.1% during the fourth quarter. Donoghue Forlines LLC now owns 12,424 shares of the company’s stock worth $1,918,000 after buying an additional 7,790 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Snowflake by 182.0% in the fourth quarter. Avior Wealth Management LLC now owns 313 shares of the company’s stock valued at $48,000 after buying an additional 202 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNOW shares. Oppenheimer increased their target price on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Cantor Fitzgerald began coverage on shares of Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 price target on the stock. Mizuho lifted their price objective on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. KeyCorp raised their price target on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upped their price objective on Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $188.06.

Snowflake Stock Down 1.5 %

SNOW opened at $174.77 on Friday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The business has a 50 day moving average price of $164.87 and a two-hundred day moving average price of $135.90. 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 company has a market cap of $57.69 billion, a PE ratio of -51.56 and a beta of 1.05.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 45,896 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 691,755 shares of the company’s stock, valued at $124,515,900. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 504,151 shares of company stock valued at $84,973,139. Company insiders own 7.80% of the company’s stock.

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.