Congress Park Capital LLC Sells 789 Shares of Snowflake Inc. (NYSE:SNOW)

Congress Park Capital LLC lessened its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,626 shares of the company’s stock after selling 789 shares during the quarter. Congress Park Capital LLC’s holdings in Snowflake were worth $1,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SNOW. Dimensional Fund Advisors LP boosted its stake in Snowflake by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock worth $36,332,000 after purchasing an additional 56,027 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Snowflake by 3.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,865 shares of the company’s stock worth $792,000 after buying an additional 180 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Snowflake by 1.1% in the second quarter. Amalgamated Bank now owns 21,368 shares of the company’s stock worth $2,887,000 after buying an additional 241 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Snowflake by 2.3% during the second quarter. Blair William & Co. IL now owns 39,095 shares of the company’s stock valued at $5,281,000 after buying an additional 889 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Snowflake by 7.9% during the second quarter. Elo Mutual Pension Insurance Co now owns 27,599 shares of the company’s stock valued at $3,728,000 after acquiring an additional 2,024 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now owns 195,281 shares in the company, valued at $30,268,555. The trade was a 33.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the transaction, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock valued at $62,545,855 over the last 90 days. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen lifted their target price on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Argus initiated coverage on Snowflake in a report on Tuesday, October 1st. They issued a “hold” rating for the company. Monness Crespi & Hardt boosted their target price on Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup dropped their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Finally, Jefferies Financial Group lifted their price target on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $187.69.

Snowflake Price Performance

NYSE:SNOW opened at $167.90 on Friday. The business’s 50-day simple moving average is $159.22 and its two-hundred day simple moving average is $134.60. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The stock has a market cap of $55.43 billion, a PE ratio of -49.53 and a beta of 1.05. 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 Company 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.