Commonwealth Equity Services LLC Has $10.37 Million Stock Position in Snowflake Inc. (NYSE:SNOW)

Commonwealth Equity Services LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,150 shares of the company’s stock after purchasing an additional 3,155 shares during the period. Commonwealth Equity Services LLC’s holdings in Snowflake were worth $10,369,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SNOW. Groupama Asset Managment acquired a new position in shares of Snowflake during the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC bought a new position in Snowflake during the fourth quarter worth about $29,000. Blue Bell Private Wealth Management LLC increased its position in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after buying an additional 144 shares during the last quarter. Perkins Coie Trust Co raised its stake in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Snowflake in the fourth quarter valued at approximately $38,000. 65.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Truist Financial reiterated a “buy” rating and issued a $225.00 price objective (up from $210.00) on shares of Snowflake in a report on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. TD Cowen upped their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Piper Sandler increased their price target on shares of Snowflake from $208.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.08.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of the business’s 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 sale, the executive vice president now directly owns 622,611 shares of the company’s stock, valued at $91,673,243.64. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. The trade was a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 298,429 shares of company stock worth $50,065,812 in the last 90 days. Insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $155.89 on Thursday. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a market cap of $51.46 billion, a PE ratio of -45.98 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. The firm’s fifty day moving average price is $172.91 and its two-hundred day moving average price is $148.98.

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.