Silicon Valley Capital Partners Takes $154,000 Position in Snowflake Inc. (NYSE:SNOW)

Silicon Valley Capital Partners purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank lifted its position in shares of Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after acquiring an additional 7,239 shares during the period. Prospect Financial Services LLC acquired a new stake in shares of Snowflake during the 4th quarter valued at approximately $288,000. Independent Advisor Alliance lifted its position in shares of 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 acquiring an additional 548 shares during the period. Bourgeon Capital Management LLC acquired a new stake in shares of Snowflake during the 4th quarter valued at approximately $5,851,000. Finally, Stephens Consulting LLC raised its position in shares of Snowflake by 7,407.4% during the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company’s stock worth $313,000 after purchasing an additional 2,000 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SNOW shares. Loop Capital lifted their price objective on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Mizuho lifted their price objective on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Needham & Company LLC lifted their price objective on Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Bank of America lifted their price objective on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, Cantor Fitzgerald initiated coverage on Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.06.

Insider Activity

In related news, CAO Emily Ho sold 2,021 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the sale, the chief accounting officer now owns 26,874 shares in the company, valued at $4,667,476.32. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the sale, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 516,933 shares of company stock worth $88,283,752. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Trading Down 1.3 %

Shares of SNOW stock opened at $183.87 on Monday. The company’s fifty day moving average price is $170.79 and its two-hundred day moving average price is $139.60. 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 $237.72.

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.