Snowflake Inc. (NYSE:SNOW) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 27.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 263,073 shares of the company's stock after purchasing an additional 57,337 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Snowflake worth $40,621,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNOW. Asset Dedication LLC increased its stake in shares of Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after acquiring an additional 59 shares during the last quarter. Breakwater Capital Group increased its position in Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after purchasing an additional 62 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares during the period. Larson Financial Group LLC boosted its holdings in Snowflake by 21.8% in the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after purchasing an additional 74 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Snowflake by 3.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company's stock valued at $406,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Guggenheim restated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Thursday, February 20th. Needham & Company LLC lifted their price target on shares of Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Bank of America upped their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company increased their price objective on shares of Snowflake from $210.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Ten equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $202.51.

Snowflake Stock Performance

Shares of SNOW traded up $2.04 during midday trading on Tuesday, reaching $146.59. 2,381,015 shares of the stock were exchanged, compared to its average volume of 6,420,446. The company has a market capitalization of $48.39 billion, a price-to-earnings ratio of -43.24 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. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The business's 50-day moving average price is $162.27 and its 200 day moving average price is $154.03.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares of the company's stock, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the sale, the director now owns 26,375 shares of the company's stock, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,589 shares of company stock worth $82,405,796. 7.80% of the stock is owned by 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.