Jones Financial Companies Lllp Buys 2,730 Shares of Snowflake Inc. (NYSE:SNOW)

Jones Financial Companies Lllp grew its position in Snowflake Inc. (NYSE:SNOW) by 30.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,815 shares of the company’s stock after purchasing an additional 2,730 shares during the period. Jones Financial Companies Lllp’s holdings in Snowflake were worth $1,824,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Toronto Dominion Bank grew its stake in Snowflake by 24.1% during the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after buying an additional 7,239 shares during the last quarter. Prospect Financial Services LLC acquired a new position in shares of Snowflake in the 4th quarter worth approximately $288,000. Independent Advisor Alliance increased its holdings in Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after purchasing an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Snowflake by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock valued at $104,028,000 after purchasing an additional 8,857 shares during the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in Snowflake in the fourth quarter worth $5,851,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the sale, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. The trade was a 33.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total value of $2,009,841.68. Following the completion of the transaction, the executive now owns 311,999 shares of the company’s stock, valued at $49,058,722.76. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,193 shares of company stock worth $50,096,313. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank raised their target price on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada boosted their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Mizuho raised their price target on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Canaccord Genuity Group increased their price objective on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $202.92.

Snowflake Trading Down 12.0 %

NYSE:SNOW opened at $156.10 on Friday. 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 has a market cap of $51.53 billion, a P/E ratio of -46.05 and a beta of 1.07. The business has a 50 day moving average price of $173.80 and a two-hundred day moving average price of $146.71.

About Snowflake

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.