Peninsula Wealth LLC Has $72.21 Million Position in Snowflake Inc. (NYSE:SNOW)

Peninsula Wealth LLC cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 0.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 467,675 shares of the company’s stock after selling 443 shares during the period. Snowflake makes up 12.3% of Peninsula Wealth LLC’s holdings, making the stock its biggest holding. Peninsula Wealth LLC’s holdings in Snowflake were worth $72,214,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SNOW. Stonebridge Financial Group LLC purchased a new position in Snowflake in the fourth quarter valued at about $29,000. Quadrant Capital Group LLC grew its position in shares of Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock worth $33,000 after buying an additional 91 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Snowflake by 189.5% during 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 in the last quarter. Perkins Coie Trust Co lifted its position in 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 last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after acquiring an additional 230 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

SNOW opened at $144.84 on Monday. The firm’s fifty day simple moving average is $163.16 and its two-hundred day simple moving average is $153.82. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The company has a market cap of $47.81 billion, a price-to-earnings ratio of -42.72 and a beta of 1.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 685 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $100,859.40. Following the completion of the sale, the executive vice president now owns 622,611 shares of the company’s stock, valued at $91,673,243.64. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares of the company’s stock, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 491,589 shares of company stock worth $82,405,796 in the last 90 days. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler upped their price target on Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Needham & Company LLC increased their price target on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Monness Crespi & Hardt raised their price target on Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Canaccord Genuity Group upped their price objective on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Truist Financial lowered their target price on shares of Snowflake from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Ten analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $201.84.

Snowflake Company 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.