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

Moors & Cabot Inc. acquired a new position in Snowflake Inc. (NYSE:SNOWFree Report) 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.

Get Our Latest Stock Analysis on SNOW

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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWFree Report).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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