General Catalyst Group Management LLC Invests $40.93 Million in Snowflake Inc. (NYSE:SNOW)

General Catalyst Group Management LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 265,081 shares of the company's stock, valued at approximately $40,931,000. Snowflake accounts for 3.6% of General Catalyst Group Management LLC's investment portfolio, making the stock its 5th biggest holding. General Catalyst Group Management LLC owned about 0.08% of Snowflake as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board boosted its stake in Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company's stock valued at $295,459,000 after purchasing an additional 2,559,144 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company's stock valued at $464,402,000 after acquiring an additional 881,700 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Snowflake by 471.9% in the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company's stock worth $87,489,000 after acquiring an additional 628,511 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Snowflake by 12,318.3% in the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company's stock valued at $60,977,000 after purchasing an additional 526,608 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Snowflake by 96.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company's stock worth $120,076,000 after purchasing an additional 513,214 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNOW has been the subject of a number of analyst reports. Wedbush raised shares of Snowflake from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Monness Crespi & Hardt boosted their price objective 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. Royal Bank of Canada boosted their target price on Snowflake from $175.00 to $188.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Evercore ISI raised their price target on Snowflake from $170.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald initiated coverage on Snowflake in a research note on Friday, January 17th. They issued an "overweight" rating and a $201.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $188.06.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the transaction, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the sale, the director now directly owns 208,735 shares in the company, valued at approximately $36,749,884.10. This represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 504,151 shares of company stock worth $84,973,139 over the last three months. Company insiders own 7.80% of the company's stock.

Snowflake Price Performance

Shares of SNOW stock traded down $3.46 during trading hours on Thursday, hitting $179.42. The company had a trading volume of 6,420,163 shares, compared to its average volume of 5,251,185. 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 has a market capitalization of $59.23 billion, a price-to-earnings ratio of -52.93 and a beta of 1.05. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The firm's fifty day moving average is $169.02 and its 200 day moving average is $137.06.

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.