1,579 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC purchased a new position in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,579 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors also recently bought and sold shares of the business. Groupama Asset Managment purchased a new stake in shares of Snowflake in the third quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at $34,000. Perkins Coie Trust Co boosted its holdings in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Snowflake during the fourth quarter valued at $38,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNOW has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of Snowflake in a research note on Tuesday, November 19th. Oppenheimer raised their target price on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Royal Bank of Canada boosted their price target on Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.06.

Snowflake Stock Up 1.1 %

Shares of Snowflake stock opened at $186.08 on Tuesday. 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 $237.72. The company has a market capitalization of $61.43 billion, a P/E ratio of -54.89 and a beta of 1.07. The company has a 50 day moving average of $170.79 and a 200 day moving average of $139.70.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president now owns 691,755 shares of the company’s stock, valued at $124,515,900. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 516,933 shares of company stock valued at $88,283,752. Insiders own 7.80% of the company’s stock.

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.