Westerkirk Capital Inc. Acquires New Shares in Snowflake Inc. $SNOW

Westerkirk Capital Inc. acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,615 shares of the company’s stock, valued at approximately $1,256,000.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in shares of Snowflake during the second quarter worth about $25,000. Avion Wealth raised its holdings in Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after buying an additional 49 shares during the last quarter. Rossby Financial LCC boosted its position in Snowflake by 4,233.3% during the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 127 shares during the period. Whittier Trust Co. grew its holdings in Snowflake by 149.1% during the 2nd quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after acquiring an additional 82 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in Snowflake by 417.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after acquiring an additional 121 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SNOW shares. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Bank of America lifted their target price on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Oppenheimer reissued an “outperform” rating on shares of Snowflake in a research note on Friday, November 21st. Wells Fargo & Company started coverage on shares of Snowflake in a research report on Tuesday, September 30th. They set an “overweight” rating and a $275.00 target price for the company. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $270.31.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 7,551 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $221.24, for a total value of $1,670,583.24. Following the transaction, the director directly owned 153,226 shares in the company, valued at $33,899,720.24. This trade represents a 4.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $223.88, for a total transaction of $2,238,800.00. Following the completion of the sale, the executive vice president directly owned 532,450 shares of the company’s stock, valued at approximately $119,204,906. The trade was a 1.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 211,305 shares of company stock worth $50,590,799 in the last three months. Insiders own 6.80% of the company’s stock.

Snowflake Price Performance

SNOW stock opened at $259.87 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50-day moving average is $250.14 and its 200-day moving average is $225.58. The stock has a market capitalization of $88.05 billion, a PE ratio of -62.62 and a beta of 1.09. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.

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.