Clear Creek Financial Management LLC Buys 451 Shares of Snowflake Inc. (NYSE:SNOW)

Clear Creek Financial Management LLC lifted its stake in Snowflake Inc. (NYSE:SNOW) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,280 shares of the company’s stock after purchasing an additional 451 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Snowflake were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SNOW. The Manufacturers Life Insurance Company increased its holdings in shares of Snowflake by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,182 shares of the company’s stock worth $4,482,000 after purchasing an additional 146 shares in the last quarter. Cetera Investment Advisers increased its holdings in Snowflake by 8.0% in the 2nd quarter. Cetera Investment Advisers now owns 68,800 shares of the company’s stock worth $9,294,000 after buying an additional 5,112 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Snowflake in the 2nd quarter worth about $3,352,000. Massmutual Trust Co. FSB ADV raised its position in Snowflake by 1,265.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 546 shares of the company’s stock worth $63,000 after buying an additional 506 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Snowflake by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 121,873 shares of the company’s stock valued at $13,998,000 after acquiring an additional 1,354 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

NYSE SNOW opened at $181.66 on Monday. The stock has a market capitalization of $59.97 billion, a PE ratio of -53.59 and a beta of 1.05. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The business has a 50 day simple moving average of $169.48 and a two-hundred day simple moving average of $137.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of Snowflake in a report on Tuesday, November 19th. Scotiabank increased their price target on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. TD Cowen raised their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Oppenheimer raised their target price on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $187.06.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president now owns 691,755 shares of the company’s stock, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 504,151 shares of company stock valued at $84,973,139. 7.80% of the stock is owned by corporate insiders.

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.