Fox Run Management L.L.C. Purchases Shares of 2,970 Snowflake Inc. (NYSE:SNOW)

Fox Run Management L.L.C. purchased a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,970 shares of the company's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNOW. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $29,000. Groupama Asset Managment acquired a new stake in Snowflake during the 3rd quarter worth $25,000. Blue Bell Private Wealth Management LLC raised its position in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after acquiring an additional 144 shares during the last quarter. Perkins Coie Trust Co lifted 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 purchasing an additional 139 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock worth $38,000 after purchasing an additional 230 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 552,930 shares of the company's stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was 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 owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 603,968 shares of company stock worth $99,863,550 over the last three months. Company insiders own 7.80% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of analysts have recently commented on the company. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Cantor Fitzgerald increased their target price on shares of Snowflake from $201.00 to $228.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Scotiabank upped their price objective on shares of Snowflake from $170.00 to $220.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company boosted their target price on Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.08.

Snowflake Trading Down 4.1 %

Shares of SNOW stock traded down $6.38 during trading hours on Friday, hitting $150.60. 4,647,822 shares of the company's stock traded hands, compared to its average volume of 6,381,805. The stock has a market cap of $49.71 billion, a PE ratio of -44.42 and a beta of 1.07. The stock's 50 day simple moving average is $171.99 and its 200 day simple moving average is $151.30. 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 12 month low of $107.13 and a 12 month high of $194.40.

Snowflake Company Profile

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.