1,308 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Powell Investment Advisors LLC

Powell Investment Advisors LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,308 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Snowflake by 260.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,317 shares of the company’s stock worth $266,000 after purchasing an additional 1,675 shares during the last quarter. Brown Miller Wealth Management LLC boosted its stake in Snowflake by 4.7% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 5,648 shares of the company’s stock worth $648,000 after buying an additional 251 shares during the last quarter. Inspire Investing LLC grew its holdings in Snowflake by 27.3% in the 3rd quarter. Inspire Investing LLC now owns 2,474 shares of the company’s stock valued at $284,000 after buying an additional 530 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Snowflake by 15.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,976 shares of the company’s stock valued at $2,524,000 after acquiring an additional 2,989 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Snowflake by 20.6% during the 3rd quarter. Procyon Advisors LLC now owns 5,031 shares of the company’s stock worth $578,000 after acquiring an additional 859 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 45,896 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 516,933 shares of company stock valued at $88,283,752. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Snowflake stock opened at $183.87 on Monday. The company has a market cap of $60.70 billion, a PE ratio of -54.24 and a beta of 1.07. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a fifty day moving average price of $170.79 and a two-hundred day moving average price of $139.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Analyst Ratings Changes

SNOW has been the subject of a number of recent analyst reports. Barclays upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Friday, January 10th. StockNews.com cut shares of Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Evercore ISI increased their target price on Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. TD Cowen lifted their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Oppenheimer upped their price target on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.06.

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.