Abound Wealth Management Grows Holdings in Snowflake Inc. (NYSE:SNOW)

Abound Wealth Management raised its position in Snowflake Inc. (NYSE:SNOWFree 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

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. TD Cowen boosted their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Rosenblatt Securities restated a “buy” rating and set a $180.00 price target on shares of Snowflake in a research note on Tuesday, November 19th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Snowflake in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.69.

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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWFree Report).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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