Lyell Wealth Management LP Has $8.91 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Lyell Wealth Management LP grew its holdings in Snowflake Inc. (NYSE:SNOW) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 57,730 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Lyell Wealth Management LP’s holdings in Snowflake were worth $8,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter worth approximately $29,000. Groupama Asset Managment acquired a new position in Snowflake during the 3rd quarter worth approximately $25,000. Perkins Coie Trust Co raised its stake in Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares during the period. Geneos Wealth Management Inc. raised its stake in Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Snowflake during the 4th quarter worth approximately $38,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Monness Crespi & Hardt upped their price target on Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Mizuho upped their price target on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. TD Cowen boosted their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Finally, Citigroup decreased their price objective on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.94.

Snowflake Stock Performance

NYSE:SNOW opened at $192.91 on Wednesday. The stock’s fifty day moving average price is $172.08 and its two-hundred day moving average price is $142.71. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 558 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the sale, the executive vice president now owns 690,647 shares in the company, valued at approximately $123,625,813. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the sale, the director now owns 208,735 shares in the company, valued at $36,749,884.10. This trade represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 516,933 shares of company stock worth $88,283,752. Corporate insiders own 7.80% of the company’s stock.

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.