Blair William & Co. IL Buys 7,928 Shares of Snowflake Inc. (NYSE:SNOW)

Blair William & Co. IL increased its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,049 shares of the company's stock after purchasing an additional 7,928 shares during the quarter. Blair William & Co. IL's holdings in Snowflake were worth $7,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in Snowflake by 81.3% in the 3rd 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. The Manufacturers Life Insurance Company increased its holdings in shares of Snowflake by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 33,815 shares of the company's stock valued at $3,884,000 after purchasing an additional 633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Snowflake by 6.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,707 shares of the company's stock worth $9,844,000 after purchasing an additional 5,252 shares in the last quarter. Fiduciary Trust Co boosted its holdings in shares of Snowflake by 59.7% during the third quarter. Fiduciary Trust Co now owns 2,835 shares of the company's stock worth $326,000 after purchasing an additional 1,060 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Snowflake by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,935,779 shares of the company's stock valued at $222,344,000 after purchasing an additional 51,366 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

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Snowflake Stock Up 2.3 %

Shares of SNOW traded up $3.40 on Tuesday, hitting $149.56. The company's stock had a trading volume of 3,422,362 shares, compared to its average volume of 6,369,465. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $49.37 billion, a price-to-earnings ratio of -44.12 and a beta of 1.07. The firm's fifty day moving average price is $171.49 and its 200-day moving average price is $151.82. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of research analyst reports. BTIG Research upgraded shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a research report on Thursday, February 20th. Monness Crespi & Hardt lifted their price objective on Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Mizuho boosted their target price on Snowflake from $195.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Oppenheimer boosted their price target on Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $204.14.

Insider Activity

In other news, EVP Christian Kleinerman sold 685 shares of Snowflake stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $100,859.40. Following the completion of the transaction, the executive vice president now owns 622,611 shares of the company's stock, valued at $91,673,243.64. This trade represents a 0.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares in the company, 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 503,968 shares of company stock worth $84,363,550 over the last quarter. 7.80% of the stock is currently owned by company insiders.

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.