Kestra Private Wealth Services LLC Raises Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Kestra Private Wealth Services LLC grew its stake in shares of Snowflake Inc. (NYSE:SNOW) by 53.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,079 shares of the company’s stock after acquiring an additional 1,769 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Snowflake were worth $784,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SNOW. Groupama Asset Managment bought a new stake in Snowflake during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Snowflake during the 3rd quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in shares of Snowflake in the 3rd quarter worth $34,000. Perkins Coie Trust Co raised its holdings in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in Snowflake during the fourth quarter valued at $38,000. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. The trade was a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 195,281 shares in the company, valued at $30,268,555. The trade was a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 516,933 shares of company stock valued at $88,283,752 in the last 90 days. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SNOW shares. Bank of America raised their price objective on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Oppenheimer upped their price target on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Truist Financial restated a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Loop Capital upped their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Cantor Fitzgerald assumed coverage on Snowflake in a report on Friday, January 17th. They set an “overweight” rating and a $201.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $187.63.

Snowflake Stock Down 2.5 %

NYSE:SNOW opened at $187.86 on Friday. The company has a market cap of $62.01 billion, a price-to-earnings ratio of -55.42 and a beta of 1.07. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $236.33. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $171.43 and a 200-day simple moving average of $141.17.

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.