Snowflake Inc. (NYSE:SNOW) Shares Bought by Outfitter Financial LLC

Outfitter Financial LLC increased its stake in Snowflake Inc. (NYSE:SNOW) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,365 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Outfitter Financial LLC’s holdings in Snowflake were worth $983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Groupama Asset Managment bought a new stake in shares of Snowflake in the 3rd quarter worth $25,000. Stonebridge Financial Group LLC acquired a new position in Snowflake during the fourth quarter worth about $29,000. Fortitude Family Office LLC bought a new stake in Snowflake in the third quarter worth about $34,000. Perkins Coie Trust Co lifted its holdings in Snowflake by 136.3% in 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 during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the 4th quarter valued at about $38,000. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Sandler increased their price objective on Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Mizuho lifted their target price on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Finally, Needham & Company LLC lifted their price target on Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.08.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $185.35 on Friday. The business’s 50-day simple moving average is $172.68 and its 200-day simple moving average is $143.31. 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 52 week low of $107.13 and a 52 week high of $235.66. The firm has a market cap of $61.18 billion, a price-to-earnings ratio of -54.68 and a beta of 1.07.

Insiders Place Their Bets

In other Snowflake news, CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the sale, the chief accounting officer now directly owns 26,874 shares in the company, valued at $4,667,476.32. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 394,345 shares of company stock valued at $67,286,835 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

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.