Empire Financial Management Company LLC Takes Position in Snowflake Inc. (NYSE:SNOW)

Empire Financial Management Company LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,320 shares of the company’s stock, valued at approximately $667,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in Snowflake during the 4th quarter valued at approximately $29,000. Quadrant Capital Group LLC raised its position in shares of Snowflake by 74.6% during the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Snowflake by 189.5% in 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 in the last quarter. Perkins Coie Trust Co boosted its position in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Snowflake during the fourth quarter valued at $38,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Price Performance

Shares of SNOW opened at $147.40 on Thursday. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The firm has a market capitalization of $48.66 billion, a PE ratio of -43.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company’s fifty day moving average price is $156.19 and its 200-day moving average price is $154.97.

Insider Activity at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares in the company, valued at $3,408,968.75. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the sale, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 364,342 shares of company stock worth $59,978,513 over the last three months. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the topic of several research analyst reports. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Thursday, February 27th. Stifel Nicolaus increased their price target on Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Citigroup lifted their price objective on Snowflake from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Loop Capital increased their target price on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, KeyCorp cut their target price on shares of Snowflake from $220.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.27.

Snowflake 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.