Twin Peaks Wealth Advisors LLC Makes New $248,000 Investment in Snowflake Inc. (NYSE:SNOW)

Twin Peaks Wealth Advisors LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, Holdings Channel reports. The firm purchased 1,606 shares of the company’s stock, valued at approximately $248,000.

Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in Snowflake during the fourth quarter worth approximately $29,000. Groupama Asset Managment acquired a new position in Snowflake in the 3rd quarter worth about $25,000. Perkins Coie Trust Co raised its holdings in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Snowflake by 1,437.5% during 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 during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Snowflake in the 4th quarter valued at about $38,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Emily Ho sold 1,508 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the transaction, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 371,810 shares of company stock valued at $63,340,544 in the last three months. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNOW. Cantor Fitzgerald initiated coverage on Snowflake in a research note on Friday, January 17th. They issued an “overweight” rating and a $201.00 price target on the stock. Wedbush set a $210.00 price objective on shares of Snowflake in a research report on Wednesday, January 22nd. Royal Bank of Canada increased their price objective on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Thursday, February 20th. Finally, Bank of America raised their price objective on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Snowflake Stock Down 4.0 %

SNOW stock opened at $170.78 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $56.38 billion, a PE ratio of -50.38 and a beta of 1.07. The company’s 50 day simple moving average is $172.85 and its 200-day simple moving average is $144.51. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $235.66.

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.