4,320 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Empire Financial Management Company LLC

Empire Financial Management Company LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,320 shares of the company's stock, valued at approximately $667,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the 4th quarter worth about $29,000. Quadrant Capital Group LLC raised its holdings in shares of Snowflake by 74.6% during the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after acquiring an additional 91 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after buying an additional 144 shares during the last quarter. Perkins Coie Trust Co lifted its stake 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 acquiring an additional 139 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock worth $38,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction that occurred 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 owns 26,375 shares in the company, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Friday, April 25th. The stock was sold at an average price of $160.00, for a total transaction of $1,600,000.00. Following the transaction, the executive vice president now directly owns 590,632 shares in the company, valued at approximately $94,501,120. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 374,342 shares of company stock worth $61,578,513. Insiders own 7.80% of the company's stock.

Snowflake Trading Up 0.4 %

Shares of NYSE:SNOW traded up $0.68 during midday trading on Tuesday, hitting $159.64. The company had a trading volume of 1,009,772 shares, compared to its average volume of 5,572,177. The firm has a fifty day simple moving average of $154.37 and a 200 day simple moving average of $156.30. The stock has a market cap of $52.70 billion, a price-to-earnings ratio of -47.09 and a beta of 1.13. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNOW. 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. KeyCorp reduced their price objective on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Guggenheim reissued a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Evercore ISI lifted their price objective on Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Finally, Rosenblatt Securities increased their target price on Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and an average target price of $200.27.

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.