Nwam LLC Buys New Holdings in Snowflake Inc. (NYSE:SNOW)

Nwam LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, Holdings Channel reports. The fund purchased 2,636 shares of the company’s stock, valued at approximately $407,000.

Several other institutional investors and hedge funds have also bought and sold shares of SNOW. Groupama Asset Managment purchased a new position in Snowflake during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $29,000. Perkins Coie Trust Co increased 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 purchasing an additional 139 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake in the 4th quarter valued at $38,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Snowflake by 1,437.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Up 1.8 %

Shares of NYSE SNOW opened at $176.76 on Friday. The company has a market capitalization of $58.35 billion, a P/E ratio of -52.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a 50 day simple moving average of $173.19 and a 200-day simple moving average of $145.64. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40.

Insider Buying and Selling

In other news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.06, for a total value of $2,224,834.92. Following the transaction, the executive now directly owns 323,731 shares in the company, valued at approximately $56,348,617.86. This represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Emily Ho sold 1,508 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 312,193 shares of company stock worth $52,833,048. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. Loop Capital upped their price target on Snowflake from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research report on Thursday. Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Barclays increased their target price on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.92.

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.