bLong Financial LLC bought a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,184 shares of the company's stock, valued at approximately $337,000.
A number of other institutional investors have also made changes to their positions in the company. Inspire Investing LLC raised its holdings in Snowflake by 27.3% in the third quarter. Inspire Investing LLC now owns 2,474 shares of the company's stock valued at $284,000 after acquiring an additional 530 shares in the last quarter. NBC Securities Inc. raised its holdings in Snowflake by 2,182.3% in the third quarter. NBC Securities Inc. now owns 2,191 shares of the company's stock valued at $251,000 after acquiring an additional 2,095 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Snowflake by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,516 shares of the company's stock valued at $6,377,000 after acquiring an additional 1,309 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Snowflake in the third quarter valued at $30,000. Finally, Stonegate Investment Group LLC raised its holdings in Snowflake by 6.8% in the third quarter. Stonegate Investment Group LLC now owns 9,564 shares of the company's stock valued at $1,099,000 after acquiring an additional 610 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.
Snowflake Price Performance
Shares of NYSE:SNOW traded down $3.70 during trading hours on Wednesday, hitting $189.08. 2,370,770 shares of the company's stock traded hands, compared to its average volume of 5,074,487. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $235.66. 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's fifty day simple moving average is $172.08 and its two-hundred day simple moving average is $142.71. The company has a market cap of $62.42 billion, a price-to-earnings ratio of -55.74 and a beta of 1.07.
Insider Activity
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president now directly owns 691,755 shares of the company's stock, valued at approximately $124,515,900. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Emily Ho sold 1,508 shares of the company's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the sale, the chief accounting officer now directly owns 44,760 shares of the company's stock, valued at $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 516,933 shares of company stock worth $88,283,752. Corporate insiders own 7.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SNOW. Truist Financial reissued a "buy" rating and set a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Needham & Company LLC increased their target price on shares of Snowflake from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Rosenblatt Securities reissued a "buy" rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. TD Cowen increased their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada increased their target price on shares of Snowflake from $175.00 to $188.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.75.
Check Out Our Latest Analysis on SNOW
Snowflake Company Profile
(
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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