PNC Financial Services Group Inc. raised its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,715 shares of the company’s stock after buying an additional 465 shares during the period. PNC Financial Services Group Inc.’s holdings in Snowflake were worth $2,581,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Groupama Asset Managment acquired a new stake in shares of Snowflake during the 3rd quarter valued at $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the 4th quarter valued at $29,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 144 shares during the last quarter. Perkins Coie Trust Co lifted its stake in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Snowflake in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.
Snowflake Price Performance
NYSE:SNOW opened at $156.41 on Friday. The firm has a market cap of $51.63 billion, a PE ratio of -46.14 and a beta of 1.07. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. 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 company’s 50-day moving average price is $173.24 and its two-hundred day moving average price is $147.87.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Snowflake
Insider Buying and Selling at Snowflake
In other news, Director Frank Slootman sold 1,783 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now directly owns 192,511 shares in the company, valued at approximately $28,345,319.64. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,391 shares of company stock worth $50,053,371 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.
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.
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