Parkside Financial Bank & Trust Has $47,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Parkside Financial Bank & Trust raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 80.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307 shares of the company’s stock after purchasing an additional 137 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Snowflake were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $29,000. Groupama Asset Managment acquired a new position in Snowflake during the third quarter worth $25,000. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after purchasing an additional 230 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Snowflake in the 4th quarter valued at $38,000. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several analyst reports. UBS Group lifted their price target on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Royal Bank of Canada lifted their target price on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Citigroup boosted their target price on Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Mizuho raised their price target on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Monness Crespi & Hardt boosted their price objective on Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $202.92.

Snowflake Stock Down 1.9 %

Shares of NYSE:SNOW opened at $173.81 on Tuesday. The company has a 50 day moving average price of $173.43 and a two-hundred day moving average price of $146.10. 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 company has a market capitalization of $57.37 billion, a PE ratio of -51.27 and a beta of 1.07. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40.

Insider Activity

In other news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares in the company, valued at $124,515,900. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68. Following the sale, the executive now directly owns 311,999 shares of the company’s stock, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,193 shares of company stock valued at $50,220,063 in the last quarter. Company insiders own 7.80% of the company’s stock.

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.