ExodusPoint Capital Management LP Has $8.39 Million Position in Snowflake Inc. (NYSE:SNOW)

ExodusPoint Capital Management LP cut its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 80.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,354 shares of the company's stock after selling 217,038 shares during the quarter. ExodusPoint Capital Management LP's holdings in Snowflake were worth $8,393,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SNOW. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter worth $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the third quarter worth about $25,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after buying an additional 144 shares during the period. Perkins Coie Trust Co raised its holdings in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock worth $38,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Oppenheimer increased their price objective on Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Cantor Fitzgerald reissued an "overweight" rating and set a $183.00 target price on shares of Snowflake in a research report on Wednesday, April 2nd. Loop Capital raised their price objective on shares of Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, KeyCorp upped their target price on shares of Snowflake from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Ten equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.84.

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Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company's stock, valued at $3,408,968.75. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction dated 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 owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 491,589 shares of company stock worth $82,405,796 over the last 90 days. 7.80% of the stock is owned by insiders.

Snowflake Price Performance

Shares of NYSE:SNOW traded down $8.89 on Thursday, hitting $142.26. The stock had a trading volume of 1,613,802 shares, compared to its average volume of 6,430,423. The company has a market capitalization of $46.96 billion, a price-to-earnings ratio of -41.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm's 50 day moving average price is $164.81 and its 200-day moving average price is $153.09. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.

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.