MML Investors Services LLC Buys 12,850 Shares of Snowflake Inc. (NYSE:SNOW)

MML Investors Services LLC boosted its position in Snowflake Inc. (NYSE:SNOW) by 41.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,662 shares of the company’s stock after purchasing an additional 12,850 shares during the period. MML Investors Services LLC’s holdings in Snowflake were worth $6,742,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Prospect Financial Services LLC bought a new position in shares of Snowflake during the 4th quarter worth $288,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Snowflake by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock worth $104,028,000 after purchasing an additional 8,857 shares in the last quarter. Bourgeon Capital Management LLC bought a new stake in shares of Snowflake in the fourth quarter valued at approximately $5,851,000. Stephens Consulting LLC lifted its stake 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 valued at $313,000 after buying an additional 2,000 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC boosted its holdings in Snowflake by 40.1% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company’s stock worth $2,458,000 after buying an additional 4,559 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Needham & Company LLC increased their target price on Snowflake from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. DA Davidson dropped their price objective on Snowflake from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Evercore ISI lifted their target price on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Oppenheimer increased their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Canaccord Genuity Group boosted their price objective on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.27.

Insider Buying and Selling at Snowflake

In other news, CFO Michael Scarpelli sold 300,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the transaction, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. This trade represents a 50.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, April 4th. The stock was 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. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 364,342 shares of company stock valued at $59,978,513. 7.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 7.7 %

SNOW opened at $158.67 on Friday. The stock has a market cap of $52.38 billion, a PE ratio of -46.81 and a beta of 1.13. The business has a 50 day moving average of $155.61 and a 200-day moving average of $155.28. Snowflake Inc. has a 52 week low of $107.13 and a 52 week 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.

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.