Cresset Asset Management LLC Has $5.26 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Cresset Asset Management LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,088 shares of the company's stock after buying an additional 5,324 shares during the period. Cresset Asset Management LLC's holdings in Snowflake were worth $5,264,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SNOW. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter worth approximately $29,000. West Paces Advisors Inc. purchased a new position in Snowflake during the fourth quarter worth approximately $31,000. Quadrant Capital Group LLC increased its position in Snowflake by 74.6% during the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after buying an additional 144 shares during the period. Finally, Perkins Coie Trust Co raised its position in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Daiwa America upgraded Snowflake to a "strong-buy" rating in a research report on Tuesday, April 1st. Truist Financial reduced their price objective on Snowflake from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group increased 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, Royal Bank of Canada lifted their price objective 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. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.28.

Snowflake Price Performance

SNOW traded up $0.07 during midday trading on Wednesday, reaching $181.09. 2,332,914 shares of the company's stock were exchanged, compared to its average volume of 6,385,337. The business has a 50-day simple moving average of $153.84 and a two-hundred day simple moving average of $159.99. The firm has a market capitalization of $59.78 billion, a price-to-earnings ratio of -53.42 and a beta of 1.11. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. 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 Snowflake news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on 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 transaction, the director now directly owns 26,375 shares of the company's stock, valued at $3,408,968.75. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 1,783 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the completion of the transaction, the director now owns 192,511 shares in the company, valued at approximately $28,345,319.64. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is owned by company insiders.

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.