Natixis Advisors LLC bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,894 shares of the company's stock, valued at approximately $1,837,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Snowflake by 126.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,372 shares of the company's stock worth $2,570,000 after buying an additional 12,492 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Snowflake in the third quarter worth about $293,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Snowflake in the 3rd quarter valued at approximately $11,252,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Snowflake by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company's stock valued at $143,289,000 after purchasing an additional 36,704 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in Snowflake by 27.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 15,005 shares of the company's stock valued at $1,724,000 after purchasing an additional 3,206 shares during the last quarter. Institutional investors own 65.10% of the company's stock.
Snowflake Stock Down 4.1 %
NYSE SNOW traded down $6.38 during trading hours on Friday, hitting $150.60. The company's stock had a trading volume of 4,647,822 shares, compared to its average volume of 6,396,634. The company has a market capitalization of $49.71 billion, a PE ratio of -44.42 and a beta of 1.07. The company has a current ratio of 1.88, a quick 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 $194.40. The company's 50-day simple moving average is $172.39 and its two-hundred day simple moving average is $150.74.
Insider Activity at Snowflake
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company's stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank Slootman sold 1,783 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the transaction, the director now owns 192,511 shares in the company, valued at $28,345,319.64. The trade was a 0.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 603,968 shares of company stock valued at $99,863,550 over the last 90 days. Insiders own 7.80% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Citigroup boosted their price objective on Snowflake from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Piper Sandler increased their target price on Snowflake from $208.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price target on Snowflake from $187.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada upped their price objective on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.08.
Check Out Our Latest Analysis on Snowflake
About Snowflake
(
Free Report)
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.
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