Zions Bancorporation N.A. Has $151,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Zions Bancorporation N.A. boosted its stake in Snowflake Inc. (NYSE:SNOW) by 10,788.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 980 shares of the company’s stock after buying an additional 971 shares during the period. Zions Bancorporation N.A.’s holdings in Snowflake were worth $151,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC increased its stake in shares of Snowflake by 26,250.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 2,108 shares of the company’s stock worth $325,000 after purchasing an additional 2,100 shares during the period. GQG Partners LLC bought a new position in Snowflake during the 4th quarter worth $750,572,000. EFG Asset Management North America Corp. bought a new position in Snowflake during the 4th quarter worth $1,829,000. Prudential Financial Inc. lifted its holdings in shares of Snowflake by 2,814.0% during the fourth quarter. Prudential Financial Inc. now owns 277,824 shares of the company’s stock worth $42,899,000 after buying an additional 268,290 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Snowflake by 37.7% in the fourth quarter. LPL Financial LLC now owns 176,646 shares of the company’s stock valued at $27,276,000 after acquiring an additional 48,403 shares during the period. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now directly owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. This represents a 33.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 7,908 shares of Snowflake stock in a transaction on Friday, March 21st. The stock was sold at an average price of $154.67, for a total transaction of $1,223,130.36. Following the transaction, the executive vice president now directly owns 600,632 shares of the company’s stock, valued at $92,899,751.44. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,968 shares of company stock worth $50,900,550. Insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of Snowflake stock opened at $159.18 on Thursday. The stock has a market cap of $52.55 billion, a price-to-earnings ratio of -46.96 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company’s fifty day moving average is $172.61 and its 200 day moving average is $150.69.

Analysts Set New Price Targets

SNOW has been the subject of several analyst reports. Scotiabank lifted their price objective on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Barclays lifted their price target on shares of Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Jefferies Financial Group increased their price target on Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities lifted their price objective on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Wedbush set a $210.00 target price on Snowflake in a report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

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.