Clear Creek Financial Management LLC Acquires 451 Shares of Snowflake Inc. (NYSE:SNOW)

Clear Creek Financial Management LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 24.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,280 shares of the company’s stock after acquiring an additional 451 shares during the period. Clear Creek Financial Management LLC’s holdings in Snowflake were worth $352,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Groupama Asset Managment purchased a new position in shares of Snowflake during the third quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new position in Snowflake during the 3rd quarter worth $30,000. Fortitude Family Office LLC bought a new stake in Snowflake during the 3rd quarter valued at $34,000. Perkins Coie Trust Co raised its position in 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 purchasing an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNOW. KeyCorp lifted their price objective on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Truist Financial reiterated a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Loop Capital upped their target price on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.06.

Snowflake Stock Performance

NYSE SNOW opened at $181.66 on Monday. The firm has a market capitalization of $59.97 billion, a P/E ratio of -53.59 and a beta of 1.05. The stock has a 50-day simple moving average of $169.48 and a two-hundred day simple moving average of $137.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the transaction, the director now owns 195,281 shares of the company’s stock, valued at approximately $34,418,276.25. This represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 504,151 shares of company stock valued at $84,973,139 over the last ninety days. Company insiders own 7.80% of the company’s stock.

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.