Jan 19, 2025

Park Avenue Securities LLC Grows Position in Snowflake Inc. (NYSE:SNOW) Posted by MarketBeat News on Jan 19th, 2025 Park Avenue Securities LLC grew its holdings in Snowflake Inc. ( NYSE:SNOW – Free Report ) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the company’s stock after acquiring an additional 4,373 shares during the period. Park Avenue Securities LLC’s holdings in Snowflake were worth $2,007,000 at the end of the most recent quarter. Several other large investors have also made changes to their positions in the business. Breakwater Capital Group boosted its holdings in Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after buying an additional 62 shares in the last quarter. Modus Advisors LLC raised its position in shares of Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after buying an additional 94 shares during the last quarter. Catalyst Private Wealth LLC raised its position in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after buying an additional 104 shares during the last quarter. Clear Creek Financial Management LLC raised its position in shares of Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after buying an additional 115 shares during the last quarter. Finally, Covestor Ltd increased its position in Snowflake by 16.2% during the third quarter. Covestor Ltd now owns 827 shares of the company’s stock worth $95,000 after purchasing an additional 115 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors. Get Snowflake alerts: Insider Transactions at Snowflake In other news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the transaction, the executive now owns 311,999 shares of the company’s stock, valued at $49,058,722.76. This represents a 3.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the transaction, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 376,904 shares of company stock valued at $62,545,855 in the last 90 days. 7.80% of the stock is currently owned by insiders. Snowflake Trading Up 1.9 % NYSE:SNOW opened at $170.89 on Friday. The company has a market capitalization of $56.41 billion, a PE ratio of -50.41 and a beta of 1.05. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The stock has a fifty day simple moving average of $161.11 and a 200-day simple moving average of $135.02. Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. TD Cowen raised their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Scotiabank lifted their target price on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.06.