Evoke Wealth LLC Lowers Holdings in Snowflake Inc. (NYSE:SNOW)

Evoke Wealth LLC reduced its position in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 25,331 shares of the company’s stock after selling 664 shares during the period. Evoke Wealth LLC’s holdings in Snowflake were worth $3,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC boosted its stake in Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after buying an additional 59 shares during the period. Breakwater Capital Group raised its holdings in shares of Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after acquiring an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock valued at $2,077,000 after acquiring an additional 69 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock worth $64,000 after purchasing an additional 74 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after purchasing an additional 90 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. The trade was a 39.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 287,648 shares of company stock worth $48,387,318. Company insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW opened at $156.39 on Tuesday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The stock has a market capitalization of $51.62 billion, a P/E ratio of -46.13 and a beta of 1.07. The company’s 50-day moving average is $173.11 and its 200 day moving average is $148.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SNOW shares. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Needham & Company LLC raised their price objective on shares of Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Monness Crespi & Hardt upped their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Truist Financial reissued a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. Finally, KeyCorp lifted their price target on Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.92.

Check Out Our Latest Research Report on SNOW

Snowflake Company 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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