Left Brain Wealth Management LLC Makes New $334,000 Investment in Snowflake Inc. (NYSE:SNOW)

Left Brain Wealth Management LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,160 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SNOW. Groupama Asset Managment purchased 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 $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 worth $34,000 after acquiring an additional 144 shares during the period. 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 worth $37,000 after acquiring an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Snowflake in the 4th quarter worth $38,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 1,783 shares of Snowflake 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 of the company’s stock, valued at $28,345,319.64. The trade was a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 685 shares of Snowflake 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 $100,859.40. Following the transaction, the executive vice president now directly owns 622,611 shares in the company, valued at approximately $91,673,243.64. This trade represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,391 shares of company stock worth $50,053,371. 7.80% of the stock is owned by company insiders.

Snowflake Price Performance

Snowflake stock opened at $149.83 on Friday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The firm has a 50 day moving average price of $173.36 and a 200 day moving average price of $147.60. The company has a market cap of $49.46 billion, a price-to-earnings ratio of -44.20 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Analyst Ratings Changes

Several analysts have recently commented on the stock. KeyCorp raised their target price on shares of Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Scotiabank raised their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. UBS Group raised their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Thursday, February 20th. Finally, Oppenheimer raised their price objective on shares of Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

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.