Westend Capital Management LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,324 shares of the company's stock, valued at approximately $10,550,000. Snowflake makes up about 3.1% of Westend Capital Management LLC's investment portfolio, making the stock its 16th biggest position.
Several other institutional investors also recently modified their holdings of the stock. Groupama Asset Managment purchased a new position in shares of Snowflake in the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in Snowflake in the third quarter worth approximately $30,000. Fortitude Family Office LLC bought a new position in Snowflake during the third quarter valued at approximately $34,000. Larson Financial Group LLC raised its stake in shares of Snowflake by 81.3% during the third quarter. Larson Financial Group LLC now owns 339 shares of the company's stock worth $39,000 after acquiring an additional 152 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $40,000. 65.10% of the stock is currently owned by institutional investors.
Snowflake Stock Up 1.9 %
Shares of SNOW stock traded up $3.25 during mid-day trading on Friday, hitting $170.89. The company's stock had a trading volume of 4,156,568 shares, compared to its average volume of 3,873,271. The stock has a market cap of $56.41 billion, a price-to-earnings ratio of -50.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The business has a 50-day moving average price of $161.11 and a 200 day moving average price of $135.02.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Cantor Fitzgerald initiated coverage on Snowflake in a report on Friday. They issued an "overweight" rating and a $201.00 price objective on the stock. Mizuho increased their target price on Snowflake from $165.00 to $195.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. Finally, TD Cowen raised 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $188.06.
Get Our Latest Stock Analysis on SNOW
Insiders Place Their Bets
In other news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frank Slootman sold 45,896 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the sale, the director now owns 208,735 shares of the company's stock, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 376,904 shares of company stock valued at $62,545,855. 7.80% of the stock is owned by 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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