144,327 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Anomaly Capital Management LP

Anomaly Capital Management LP acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 144,327 shares of the company's stock, valued at approximately $22,286,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its holdings in shares of Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group raised its holdings in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock valued at $454,000 after acquiring an additional 62 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after purchasing an additional 65 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company's stock worth $64,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson decreased their price target on Snowflake from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Daiwa America raised shares of Snowflake to a "strong-buy" rating in a research report on Tuesday, April 1st. Canaccord Genuity Group upped their price target on shares of Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Bank of America increased their price target on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Wolfe Research raised shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective for the company in a research note on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $200.27.

Snowflake Stock Performance

SNOW stock traded up $11.28 on Thursday, reaching $158.67. The company's stock had a trading volume of 6,847,827 shares, compared to its average volume of 6,425,892. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The firm has a fifty day moving average of $155.61 and a two-hundred day moving average of $155.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $52.38 billion, a P/E ratio of -46.81 and a beta of 1.13.

Insider Activity at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now directly owns 26,375 shares of the company's stock, valued at $3,408,968.75. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 364,342 shares of company stock worth $59,978,513 over the last quarter. 7.80% of the stock is currently owned by company insiders.

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.