GM Advisory Group LLC Lowers Stock Position in Snowflake Inc. (NYSE:SNOW)

GM Advisory Group LLC reduced its position in Snowflake Inc. (NYSE:SNOW) by 63.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,629 shares of the company’s stock after selling 2,789 shares during the quarter. GM Advisory Group LLC’s holdings in Snowflake were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment purchased a new position in Snowflake in the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the fourth quarter worth $29,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 144 shares during the period. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Snowflake during the 4th quarter worth $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 3,765 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total value of $586,172.85. Following the completion of the transaction, the executive vice president now owns 616,602 shares in the company, valued at $95,998,765.38. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 1,783 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the sale, the director now owns 192,511 shares in the company, valued at $28,345,319.64. This trade represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 298,429 shares of company stock worth $50,065,812 in the last three months. 7.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SNOW shares. TD Cowen boosted their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities boosted their target price on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Bank of America raised their price target on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Scotiabank boosted their price objective on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Finally, KeyCorp raised their target price on Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $155.89 on Thursday. The firm’s 50 day moving average is $172.91 and its two-hundred day moving average is $148.98. The firm has a market capitalization of $51.46 billion, a P/E ratio of -45.98 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40.

Snowflake Company 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.