Triumph Capital Management Has $1.19 Million Stake in Snowflake Inc. (NYSE:SNOW)

Triumph Capital Management raised its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,706 shares of the company's stock after acquiring an additional 1,791 shares during the period. Triumph Capital Management's holdings in Snowflake were worth $1,190,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its holdings in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after acquiring an additional 59 shares in the last quarter. Quarry LP raised its holdings in shares of Snowflake by 9.8% in the 4th quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after buying an additional 59 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Snowflake by 3.3% in the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after buying an additional 65 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after buying an additional 69 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Snowflake by 21.8% in the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock worth $64,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent analyst reports. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Needham & Company LLC increased their target price on shares of Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Evercore ISI increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Canaccord Genuity Group increased their target price on shares of Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, Barclays raised their price target on Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $201.00.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00. Following the sale, the executive vice president now owns 594,975 shares in the company, valued at approximately $102,186,956.25. The trade was a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares in the company, valued at $3,408,968.75. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,963 shares of company stock worth $58,204,058. Company insiders own 7.80% of the company's stock.

Snowflake Stock Up 0.4%

SNOW stock traded up $0.76 during mid-day trading on Tuesday, hitting $182.81. 4,216,765 shares of the company were exchanged, compared to its average volume of 6,409,322. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $60.35 billion, a P/E ratio of -53.93 and a beta of 1.11. The firm's 50 day simple moving average is $156.24 and its 200 day simple moving average is $162.11. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40.

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.