Smartleaf Asset Management LLC Has $137,000 Holdings in Snowflake Inc. (NYSE:SNOW)

Smartleaf Asset Management LLC lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 84.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 887 shares of the company’s stock after buying an additional 405 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Snowflake were worth $137,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in Snowflake by 13.9% in the third quarter. Janney Montgomery Scott LLC now owns 34,093 shares of the company’s stock worth $3,916,000 after purchasing an additional 4,168 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Snowflake by 33.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 38,956 shares of the company’s stock worth $4,474,000 after purchasing an additional 9,743 shares during the period. Olympiad Research LP acquired a new stake in Snowflake in the third quarter worth $255,000. Quantum Private Wealth LLC grew its holdings in Snowflake by 35.3% in the third quarter. Quantum Private Wealth LLC now owns 14,003 shares of the company’s stock worth $1,608,000 after purchasing an additional 3,655 shares during the period. Finally, Washington Trust Advisors Inc. grew its holdings in Snowflake by 7.9% in the third quarter. Washington Trust Advisors Inc. now owns 58,429 shares of the company’s stock worth $6,711,000 after purchasing an additional 4,268 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of research reports. Truist Financial restated a “buy” rating and issued a $225.00 price target (up from $210.00) on shares of Snowflake in a report on Thursday, February 27th. JMP Securities restated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a report on Tuesday, December 3rd. TD Cowen raised their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada raised their price target on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Citigroup raised their price objective on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $202.92.

Insider Transactions at Snowflake

In other news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the transaction, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold 297,193 shares of company stock worth $50,096,313 over the last quarter. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $158.54 on Friday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The company has a 50-day simple moving average of $173.79 and a 200 day simple moving average of $146.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07.

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.