Choreo LLC Buys 2,497 Shares of Snowflake Inc. (NYSE:SNOW)

Choreo LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 37.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,100 shares of the company’s stock after buying an additional 2,497 shares during the period. Choreo LLC’s holdings in Snowflake were worth $1,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNOW. Diversified Trust Co bought a new position in shares of Snowflake during the third quarter valued at approximately $205,000. CWM LLC boosted its stake in shares of Snowflake by 41.7% during the third quarter. CWM LLC now owns 171,882 shares of the company’s stock valued at $19,742,000 after purchasing an additional 50,601 shares in the last quarter. Perpetual Ltd boosted its stake in Snowflake by 2.5% in the third quarter. Perpetual Ltd now owns 6,294 shares of the company’s stock valued at $723,000 after acquiring an additional 154 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in Snowflake in the third quarter valued at approximately $1,729,000. Finally, Clarius Group LLC boosted its stake in Snowflake by 15.3% in the third quarter. Clarius Group LLC now owns 18,374 shares of the company’s stock valued at $2,082,000 after acquiring an additional 2,439 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Transactions at Snowflake

In related news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $56,045,786.68. This represents a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 516,933 shares of company stock valued at $88,283,752 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Down 1.3 %

Shares of Snowflake stock opened at $183.87 on Friday. The firm has a 50-day simple moving average of $170.61 and a two-hundred day simple moving average of $139.19. The company has a market cap of $60.70 billion, a P/E ratio of -54.24 and a beta of 1.07. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Bank of America raised their target price on shares of Snowflake from $160.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Evercore ISI raised their price target on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. TD Cowen raised their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $210.00 price target on shares of Snowflake in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.06.

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.