MassMutual Private Wealth & Trust FSB Decreases Position in Snowflake Inc. (NYSE:SNOW)

MassMutual Private Wealth & Trust FSB reduced its stake in shares of Snowflake Inc. (NYSE:SNOW) by 65.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 190 shares of the company’s stock after selling 356 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Snowflake were worth $29,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Breakwater Capital Group boosted its stake in shares of Snowflake by 2.2% in the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after purchasing an additional 62 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after buying an additional 90 shares in the last quarter. Modus Advisors LLC boosted its position in Snowflake by 3.9% in the 3rd 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 grew its stake in shares of Snowflake by 3.2% during the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after acquiring an additional 104 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its position in shares of Snowflake by 6.7% during the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock worth $210,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $174.05 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $57.45 billion, a PE ratio of -51.34 and a beta of 1.05. The stock has a fifty day moving average of $164.87 and a 200-day moving average of $135.90. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Insider Activity

In other news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the sale, the executive vice president now owns 706,755 shares in the company, valued at $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 45,896 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the completion of the sale, the director now owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 504,151 shares of company stock valued at $84,973,139 over the last three months. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SNOW shares. 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. Oppenheimer increased their target price on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $150.00 to $200.00 in a research note on Tuesday, January 7th. Finally, Evercore ISI raised their price objective on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.06.

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.