GMT Capital Corp Purchases Shares of 22,000 Snowflake Inc. (NYSE:SNOW)

GMT Capital Corp bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,000 shares of the company's stock, valued at approximately $3,397,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNOW. Stonebridge Financial Group LLC bought a new position in Snowflake in the fourth quarter valued at $29,000. Quadrant Capital Group LLC lifted its position in Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after buying an additional 91 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after acquiring an additional 144 shares during the last quarter. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insiders Place Their Bets

In other news, CRO Christopher William Degnan sold 12,782 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the sale, the executive now directly owns 308,164 shares in the company, valued at $56,045,786.68. This represents a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 364,342 shares of company stock valued at $59,978,513. Insiders own 7.80% of the company's stock.

Snowflake Stock Performance

SNOW stock opened at $140.14 on Wednesday. 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 1 year low of $107.13 and a 1 year high of $194.40. The company has a market cap of $46.26 billion, a P/E ratio of -41.34 and a beta of 1.13. The stock's fifty day moving average price is $157.00 and its 200-day moving average price is $155.02.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target for the company in a research report on Tuesday, February 18th. Guggenheim reissued a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Barclays upped their price target on shares of Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Piper Sandler increased their target price on shares of Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Bank of America increased their price objective on Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average price target of $201.35.

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.

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