139,391 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by NZS Capital LLC

NZS Capital LLC bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 139,391 shares of the company's stock, valued at approximately $21,523,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at $29,000. Quadrant Capital Group LLC raised its position in Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after buying an additional 144 shares during the period. Perkins Coie Trust Co boosted its stake in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after buying an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake during the fourth quarter worth about $38,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of SNOW opened at $158.26 on Friday. 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 $194.40. The company has a 50-day simple moving average of $154.91 and a 200-day simple moving average of $155.84. The company has a market capitalization of $52.24 billion, a PE ratio of -46.68 and a beta of 1.13.

Insiders Place Their Bets

In related news, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the transaction, the director now owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 364,342 shares of company stock worth $59,978,513. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SNOW shares. KeyCorp decreased their price target on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Oppenheimer lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Mizuho lifted their price target on Snowflake from $195.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Loop Capital upped their price objective on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $200.27.

About Snowflake

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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