Abound Wealth Management raised its position in Snowflake Inc. (NYSE:SNOW – Free Report) by 92.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,422 shares of the company’s stock after purchasing an additional 684 shares during the period. Abound Wealth Management’s holdings in Snowflake were worth $220,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Groupama Asset Managment bought a new position in Snowflake during the third quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in Snowflake in the third quarter valued at about $30,000. Fortitude Family Office LLC bought a new position in shares of Snowflake during the 3rd quarter valued at approximately $34,000. Larson Financial Group LLC increased its stake in shares of Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $40,000. Institutional investors own 65.10% of the company’s stock.
Snowflake Stock Down 0.8 %
Shares of NYSE:SNOW traded down $1.28 during midday trading on Monday, reaching $161.18. The company’s stock had a trading volume of 3,475,729 shares, compared to its average volume of 4,602,818. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The firm has a 50 day moving average of $156.42 and a 200-day moving average of $133.97. The firm has a market capitalization of $53.21 billion, a P/E ratio of -47.55 and a beta of 1.05. 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
Read Our Latest Research Report on SNOW
Insider Buying and Selling
In other news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the transaction, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 45,896 shares of Snowflake stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the sale, the director now owns 208,735 shares of the company’s stock, valued at $36,749,884.10. The trade was a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 376,904 shares of company stock worth $62,545,855 in the last 90 days. Insiders own 7.80% of the company’s stock.
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.
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