1,606 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Twin Peaks Wealth Advisors LLC

Twin Peaks Wealth Advisors LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,606 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Snowflake by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,339,313 shares of the company’s stock valued at $206,803,000 after purchasing an additional 143,560 shares in the last quarter. Synergy Financial Group LTD increased its position in shares of Snowflake by 24.9% during the fourth quarter. Synergy Financial Group LTD now owns 3,528 shares of the company’s stock worth $545,000 after buying an additional 703 shares during the period. Rothschild Investment LLC boosted its position in Snowflake by 2.9% during the fourth quarter. Rothschild Investment LLC now owns 4,598 shares of the company’s stock valued at $710,000 after acquiring an additional 128 shares during the last quarter. IFP Advisors Inc grew its holdings in Snowflake by 3.3% during the 4th quarter. IFP Advisors Inc now owns 4,869 shares of the company’s stock worth $752,000 after acquiring an additional 155 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Snowflake in the fourth quarter worth approximately $5,143,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNOW has been the topic of a number of recent research reports. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective on the stock in a research note on Tuesday, February 18th. Citigroup dropped their target price on Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Cantor Fitzgerald assumed coverage on Snowflake in a report on Friday, January 17th. They set an “overweight” rating and a $201.00 price target for the company. Scotiabank raised their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada upped their target price on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.43.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $170.78 on Tuesday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $235.66. The business has a fifty day simple moving average of $172.85 and a 200-day simple moving average of $144.51. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $56.38 billion, a P/E ratio of -50.38 and a beta of 1.07.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the sale, the executive vice president now directly owns 691,755 shares in the company, valued at $124,515,900. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,810 shares of company stock valued at $63,340,544 over the last three months. 7.80% of the stock is owned by company insiders.

About Snowflake

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.