Rothschild Investment LLC Acquires 128 Shares of Snowflake Inc. (NYSE:SNOW)

Rothschild Investment LLC boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,598 shares of the company’s stock after purchasing an additional 128 shares during the quarter. Rothschild Investment LLC’s holdings in Snowflake were worth $710,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SNOW. Groupama Asset Managment acquired a new position in shares of Snowflake during the third quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the 4th quarter worth $29,000. Fortitude Family Office LLC bought a new position in shares of Snowflake during the 3rd quarter worth about $34,000. Perkins Coie Trust Co raised its position in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Snowflake in the fourth quarter valued at about $38,000. Institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at approximately $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 371,810 shares of company stock worth $63,340,544. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of research reports. Piper Sandler raised their price objective on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Bank of America lifted their price objective on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. UBS Group increased their target price on Snowflake from $155.00 to $190.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price target on shares of Snowflake in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group increased their price objective on Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Snowflake Price Performance

Shares of SNOW stock opened at $170.78 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $235.66. The firm has a fifty day moving average of $172.85 and a 200-day moving average of $144.51. The firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of -50.38 and a beta of 1.07.

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.