Captrust Financial Advisors Lowers Holdings in Snowflake Inc. (NYSE:SNOW)

Captrust Financial Advisors lowered its holdings in Snowflake Inc. (NYSE:SNOW) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,115 shares of the company’s stock after selling 137 shares during the quarter. Captrust Financial Advisors’ holdings in Snowflake were worth $2,334,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the 4th quarter valued at about $29,000. West Paces Advisors Inc. acquired a new stake in shares of Snowflake during the fourth quarter valued at about $31,000. Quadrant Capital Group LLC raised its stake in shares of Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock valued at $33,000 after acquiring an additional 91 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings 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 worth $34,000 after acquiring an additional 144 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its position in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 0.1%

Shares of NYSE:SNOW opened at $174.14 on Monday. The firm has a 50 day simple moving average of $153.28 and a 200-day simple moving average of $159.39. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $57.48 billion, a PE ratio of -51.37 and a beta of 1.11.

Insider Buying and Selling

In other news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the transaction, the director now directly owns 26,375 shares in the company, valued at approximately $3,408,968.75. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the completion of the transaction, the executive vice president now directly owns 594,975 shares in the company, valued at $102,186,956.25. The trade was a 2.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 356,963 shares of company stock worth $58,204,058 in the last ninety days. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNOW. Wedbush set a $210.00 target price on Snowflake in a research report on Wednesday, January 22nd. Barclays boosted their price objective on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a research note on Tuesday, February 18th. Truist Financial dropped their target price on Snowflake from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Oppenheimer increased their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.28.

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.