Blankinship & Foster LLC Purchases New Holdings in Snowflake Inc. (NYSE:SNOW)

Blankinship & Foster LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,800 shares of the company's stock, valued at approximately $896,000.

Other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Snowflake by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,081 shares of the company's stock worth $551,000 after acquiring an additional 148 shares during the period. ORG Partners LLC raised its stake in Snowflake by 20,227.3% during the second quarter. ORG Partners LLC now owns 2,236 shares of the company's stock worth $319,000 after purchasing an additional 2,225 shares during the period. Archford Capital Strategies LLC boosted its holdings in Snowflake by 21.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,359 shares of the company's stock valued at $454,000 after purchasing an additional 596 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Snowflake by 21.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 532,195 shares of the company's stock valued at $71,894,000 after buying an additional 94,958 shares during the period. Finally, LA Financiere DE L Echiquier increased its holdings in shares of Snowflake by 6.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 230,600 shares of the company's stock worth $31,152,000 after buying an additional 14,300 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake Stock Down 1.2 %

Snowflake stock traded down $1.98 during mid-day trading on Thursday, hitting $169.98. The company had a trading volume of 4,400,457 shares, compared to its average volume of 6,806,969. 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 1 year low of $107.13 and a 1 year high of $237.72. The business has a fifty day moving average of $136.69 and a 200 day moving average of $129.45. The stock has a market cap of $56.11 billion, a price-to-earnings ratio of -50.75 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on Snowflake from $125.00 to $150.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Scotiabank increased their price target on Snowflake from $170.00 to $220.00 and gave the stock a "sector outperform" rating in a report on Monday. Stifel Nicolaus cut their price objective on Snowflake from $200.00 to $168.00 and set a "buy" rating for the company in a research report on Monday, August 19th. Oppenheimer reaffirmed an "outperform" rating and issued a $180.00 target price on shares of Snowflake in a research report on Thursday, November 21st. Finally, Monness Crespi & Hardt lifted their price target on shares of Snowflake from $140.00 to $188.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.89.

Insider Activity

In other news, insider Benoit Dageville sold 1,946 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total value of $222,602.94. Following the completion of the sale, the insider now directly owns 53,820 shares of the company's stock, valued at approximately $6,156,469.80. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 861 shares of Snowflake stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $95,924.01. Following the completion of the transaction, the executive vice president now directly owns 751,755 shares in the company, valued at $83,753,024.55. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 294,384 shares of company stock worth $47,993,609. Corporate insiders own 7.80% of the company's stock.

About Snowflake

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.