Abound Wealth Management Has $220,000 Position in Snowflake Inc. (NYSE:SNOW)

Abound Wealth Management boosted its position in Snowflake Inc. (NYSE:SNOW) by 92.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,422 shares of the company’s stock after purchasing an additional 684 shares during the quarter. Abound Wealth Management’s holdings in Snowflake were worth $220,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SNOW. State Street Corp boosted its stake in shares of Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after buying an additional 54,909 shares during the period. Geode Capital Management LLC lifted its position in shares of Snowflake by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after acquiring an additional 138,663 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after purchasing an additional 881,700 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after purchasing an additional 2,559,144 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Snowflake by 11.5% in the second quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock valued at $293,838,000 after purchasing an additional 223,936 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 0.8 %

NYSE SNOW traded down $1.28 on Monday, hitting $161.18. 3,475,729 shares of the company were exchanged, compared to its average volume of 4,602,818. Snowflake Inc. has a 12 month low of $107.13 and a 12 month 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 company has a market cap of $53.21 billion, a PE ratio of -47.55 and a beta of 1.05. The stock has a fifty day moving average of $156.42 and a 200-day moving average of $133.97.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 45,896 shares of Snowflake stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value 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 approximately $85,354,801.35. This trade represents a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 376,904 shares of company stock valued at $62,545,855 in the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of several recent analyst reports. Needham & Company LLC raised their target price on shares of Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and set a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Wedbush lowered Snowflake from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective on Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Argus began coverage on Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $187.69.

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.