Dnca Finance Purchases New Holdings in Snowflake Inc. (NYSE:SNOW)

Dnca Finance bought a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,350 shares of the company's stock, valued at approximately $4,223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prospect Financial Services LLC purchased a new position in Snowflake in the fourth quarter worth about $288,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Snowflake by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock valued at $104,028,000 after acquiring an additional 8,857 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in Snowflake in the 4th quarter worth approximately $5,851,000. Stephens Consulting LLC lifted its position in Snowflake by 7,407.4% in the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock valued at $313,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC boosted its stake in Snowflake by 40.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock valued at $2,458,000 after purchasing an additional 4,559 shares during the last quarter. Institutional investors own 65.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SNOW shares. Rosenblatt Securities increased their price objective on Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Wedbush set a $210.00 price target on shares of Snowflake in a report on Wednesday, January 22nd. Evercore ISI boosted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Oppenheimer increased their price objective on shares of Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $201.35.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction that occurred on 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 directly owns 292,610 shares in the company, valued at $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. Over the last ninety days, insiders sold 491,589 shares of company stock valued at $82,405,796. 7.80% of the stock is owned by corporate insiders.

Snowflake Price Performance

NYSE:SNOW traded up $3.14 during trading hours on Tuesday, reaching $140.14. The stock had a trading volume of 2,747,242 shares, compared to its average volume of 6,410,893. The stock has a market capitalization of $46.26 billion, a PE ratio of -41.34 and a beta of 1.13. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The company has a 50 day moving average price of $158.05 and a two-hundred day moving average price of $155.12. 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 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.