Andar Capital Management HK Ltd bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 18,000 shares of the company's stock, valued at approximately $2,779,000. Snowflake accounts for about 3.6% of Andar Capital Management HK Ltd's holdings, making the stock its 11th largest holding.
A number of other institutional investors have also bought and sold shares of the business. Groupama Asset Managment purchased a new position in shares of Snowflake in the third quarter worth $25,000. Stonebridge Financial Group LLC bought a new stake in Snowflake in the 4th quarter valued at $29,000. Blue Bell Private Wealth Management LLC lifted its stake in Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after purchasing an additional 144 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Snowflake during the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 65.10% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on SNOW shares. Canaccord Genuity Group increased their price target on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. KeyCorp upped their price objective on Snowflake from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a report on Thursday, February 20th. Citigroup upped their price target on shares of Snowflake from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Guggenheim reissued a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.08.
View Our Latest Stock Analysis on SNOW
Snowflake Stock Up 0.5 %
Shares of SNOW traded up $0.75 during mid-day trading on Friday, hitting $157.94. The company's stock had a trading volume of 3,604,059 shares, compared to its average volume of 6,340,684. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company's 50-day moving average is $172.74 and its 200-day moving average is $149.61. The firm has a market capitalization of $52.14 billion, a price-to-earnings ratio of -46.59 and a beta of 1.07. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40.
Insider Buying and Selling
In other Snowflake news, EVP Christian Kleinerman sold 861 shares of Snowflake stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $165.31, for a total transaction of $142,331.91. Following the completion of the transaction, the executive vice president now owns 582,930 shares in the company, valued at approximately $96,364,158.30. This trade represents a 0.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Emily Ho sold 1,508 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 298,429 shares of company stock worth $50,065,812. 7.80% of the stock is owned by company insiders.
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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