Snowflake Inc. (NYSE:SNOW) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its stake in shares of Snowflake Inc. (NYSE:SNOW) by 91.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,614 shares of the company’s stock after buying an additional 33,661 shares during the period. Level Four Advisory Services LLC’s holdings in Snowflake were worth $10,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment acquired a new position in Snowflake during the 3rd quarter worth $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the 4th quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC boosted its stake in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 144 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Down 1.7 %

SNOW stock opened at $157.01 on Friday. The company’s 50-day simple moving average is $172.39 and its 200-day simple moving average is $150.74. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The firm has a market cap of $51.83 billion, a P/E ratio of -46.31 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

A number of brokerages have issued reports on SNOW. Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Monness Crespi & Hardt lifted their price target on Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Barclays increased their price objective on Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Scotiabank boosted their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. Finally, Oppenheimer raised their target price on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $205.08.

Insider Activity

In other news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction that occurred 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 owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the transaction, the chief financial officer now owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 603,968 shares of company stock worth $99,863,550 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.