Snowflake Inc. (NYSE:SNOW) Shares Acquired by Perkins Coie Trust Co

Perkins Coie Trust Co lifted its position in Snowflake Inc. (NYSE:SNOW) by 136.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241 shares of the company’s stock after acquiring an additional 139 shares during the period. Perkins Coie Trust Co’s holdings in Snowflake were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Snowflake by 26.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock worth $36,332,000 after purchasing an additional 56,027 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Snowflake by 3.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,865 shares of the company’s stock valued at $792,000 after acquiring an additional 180 shares in the last quarter. Amalgamated Bank raised its holdings in Snowflake by 1.1% in the 2nd quarter. Amalgamated Bank now owns 21,368 shares of the company’s stock valued at $2,887,000 after acquiring an additional 241 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Snowflake by 2.3% during the 2nd quarter. Blair William & Co. IL now owns 39,095 shares of the company’s stock worth $5,281,000 after purchasing an additional 889 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Snowflake by 2.8% in the second quarter. Intech Investment Management LLC now owns 18,922 shares of the company’s stock valued at $2,556,000 after purchasing an additional 522 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SNOW. Deutsche Bank Aktiengesellschaft lifted their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com cut shares of Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Financial Group lifted their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Scotiabank increased their price target on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Trading Up 1.9 %

Shares of SNOW opened at $170.89 on Friday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. 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 stock has a 50-day simple moving average of $161.11 and a 200-day simple moving average of $135.02.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. The trade was a 2.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Emily Ho sold 2,021 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the transaction, the chief accounting officer now owns 26,874 shares in the company, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 376,904 shares of company stock valued at $62,545,855 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

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.