Steward Partners Investment Advisory LLC Buys 431 Shares of Snowflake Inc. (NYSE:SNOW)

Steward Partners Investment Advisory LLC grew its stake in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,462 shares of the company’s stock after buying an additional 431 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Snowflake were worth $1,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNOW. Provence Wealth Management Group bought a new position in shares of Snowflake in the third quarter worth approximately $30,000. M&R Capital Management Inc. grew its position in Snowflake by 100.0% during the fourth quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Snowflake by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after acquiring an additional 52 shares during the last quarter. Private Trust Co. NA grew its position in Snowflake by 188.6% during the fourth quarter. Private Trust Co. NA now owns 228 shares of the company’s stock valued at $45,000 after acquiring an additional 149 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Snowflake by 56.0% during the fourth quarter. Blue Trust Inc. now owns 248 shares of the company’s stock valued at $49,000 after acquiring an additional 89 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Activity at Snowflake

In related news, CEO Sridhar Ramaswamy purchased 31,542 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of $158.52 per share, for a total transaction of $5,000,037.84. Following the acquisition, the chief executive officer now owns 31,542 shares of the company’s stock, valued at approximately $5,000,037.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Snowflake news, CEO Sridhar Ramaswamy bought 31,542 shares of Snowflake stock in a transaction on Monday, March 25th. The shares were acquired at an average price of $158.52 per share, for a total transaction of $5,000,037.84. Following the completion of the purchase, the chief executive officer now directly owns 31,542 shares in the company, valued at approximately $5,000,037.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Emily Ho sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the sale, the chief accounting officer now owns 28,393 shares in the company, valued at approximately $4,457,133.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,880 shares of company stock worth $10,832,965. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Down 3.4 %

NYSE:SNOW opened at $136.18 on Monday. Snowflake Inc. has a 1 year low of $133.59 and a 1 year high of $237.72. The stock’s 50 day simple moving average is $155.79 and its two-hundred day simple moving average is $179.96.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Mizuho reiterated a “buy” rating and set a $205.00 price target (down from $255.00) on shares of Snowflake in a research report on Thursday, February 29th. Royal Bank of Canada reduced their price target on shares of Snowflake from $246.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, May 20th. Canaccord Genuity Group dropped their price objective on Snowflake from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Evercore ISI dropped their price target on Snowflake from $250.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, Robert W. Baird dropped their price target on Snowflake from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.64.

Read Our Latest Analysis on Snowflake

Snowflake Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.