1,843 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Moors & Cabot Inc.

Moors & Cabot Inc. acquired a new position in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,843 shares of the company’s stock, valued at approximately $285,000.

Several other large investors also recently modified their holdings of the company. O Dell Group LLC bought a new stake in Snowflake during the fourth quarter valued at about $203,000. SPX Gestao de Recursos Ltda bought a new stake in Snowflake during the fourth quarter valued at about $3,088,000. Clare Market Investments LLC bought a new stake in Snowflake during the fourth quarter valued at about $497,000. Independent Advisor Alliance grew its holdings in Snowflake by 25.7% during the fourth quarter. Independent Advisor Alliance now owns 5,126 shares of the company’s stock valued at $792,000 after purchasing an additional 1,048 shares during the period. Finally, Gallagher Capital Advisors LLC bought a new stake in Snowflake during the fourth quarter valued at about $2,223,000. Institutional investors own 65.10% of the company’s stock.

Insider Activity

In related news, 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 transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank Slootman sold 1,783 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the transaction, the director now directly owns 192,511 shares in the company, valued at approximately $28,345,319.64. This trade represents a 0.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,391 shares of company stock valued at $50,053,371. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SNOW shares. Piper Sandler boosted their price target on Snowflake from $208.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. UBS Group boosted their price objective on Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Mizuho boosted their price objective on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $202.92.

Snowflake Trading Up 4.4 %

SNOW opened at $156.41 on Monday. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of -46.14 and a beta of 1.07. The stock’s 50 day moving average price is $173.24 and its 200-day moving average price is $148.35. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. 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 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.