Snowflake Inc. (NYSE:SNOW) Shares Purchased by Pitcairn Co.

Pitcairn Co. increased its stake in Snowflake Inc. (NYSE:SNOW) by 10.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,738 shares of the company’s stock after purchasing an additional 254 shares during the period. Pitcairn Co.’s holdings in Snowflake were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SNOW. Groupama Asset Managment acquired a new stake in shares of Snowflake during the third quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in Snowflake during the 4th quarter valued at about $29,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 144 shares during the period. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Snowflake during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SNOW. Wedbush set a $210.00 price target on shares of Snowflake in a research report on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Truist Financial cut their price target on Snowflake from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company lifted their price target on Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $203.05.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 1,783 shares of Snowflake stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the sale, the director now owns 192,511 shares of the company’s stock, valued at approximately $28,345,319.64. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, 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 have sold 491,186 shares of company stock valued at $82,353,709 over the last ninety days. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Down 6.8 %

NYSE SNOW opened at $130.41 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The business’s fifty day simple moving average is $168.97 and its 200-day simple moving average is $152.40. The firm has a market cap of $43.05 billion, a PE ratio of -38.47 and a beta of 1.13.

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.