Aware Super Pty Ltd as trustee of Aware Super Acquires New Position in Snowflake Inc. (NYSE:SNOW)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,972 shares of the company's stock, valued at approximately $3,084,000.

Several other institutional investors and hedge funds have also made changes to their positions in SNOW. Asset Dedication LLC boosted its holdings in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after purchasing an additional 59 shares in the last quarter. Breakwater Capital Group boosted its holdings in shares of 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 buying an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock valued at $2,077,000 after buying an additional 69 shares during the last quarter. Larson Financial Group LLC raised its stake in Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock worth $64,000 after acquiring an additional 74 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in Snowflake by 3.0% in the fourth quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company's stock valued at $406,000 after acquiring an additional 77 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of Snowflake stock traded down $2.74 during trading on Friday, hitting $143.34. The stock had a trading volume of 2,483,780 shares, compared to its average volume of 6,410,768. The business has a fifty day moving average of $159.87 and a two-hundred day moving average of $154.12. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The firm has a market cap of $47.32 billion, a P/E ratio of -42.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. The trade was a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 127,247 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares of the company's stock, valued at approximately $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 491,589 shares of company stock valued at $82,405,796. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Bank of America lifted their target price on Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Citigroup boosted their target price on Snowflake from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Oppenheimer raised their price target on Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, KeyCorp dropped their target price on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and a consensus price target of $201.76.

Snowflake 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.