Mayflower Financial Advisors LLC Sells 726 Shares of Snowflake Inc. (NYSE:SNOW)

Mayflower Financial Advisors LLC trimmed its stake in Snowflake Inc. (NYSE:SNOW) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,466 shares of the company’s stock after selling 726 shares during the period. Mayflower Financial Advisors LLC’s holdings in Snowflake were worth $535,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SNOW. Breakwater Capital Group grew its stake in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after buying an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after acquiring an additional 90 shares during the last quarter. Modus Advisors LLC increased its stake in Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after purchasing an additional 94 shares during the period. Catalyst Private Wealth LLC lifted its position in shares of Snowflake by 3.2% during the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after purchasing an additional 104 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Snowflake by 6.7% during the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after purchasing an additional 115 shares during the period. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the completion of the transaction, the executive vice president now owns 690,647 shares of the company’s stock, valued at $123,625,813. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now directly owns 195,281 shares in the company, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 504,151 shares of company stock worth $84,973,139. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price target on shares of Snowflake in a report on Tuesday, November 19th. JMP Securities reiterated a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a report on Tuesday, December 3rd. StockNews.com lowered Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. KeyCorp increased their target price on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Cantor Fitzgerald started coverage on shares of Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Price Performance

Shares of NYSE SNOW opened at $183.01 on Thursday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The business’s 50 day moving average price is $167.95 and its 200 day moving average price is $136.74. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $60.41 billion, a P/E ratio of -53.99 and a beta of 1.05.

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.