Guggenheim Capital LLC Has $20.65 Million Position in Snowflake Inc. (NYSE:SNOW)

Guggenheim Capital LLC boosted its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 133,710 shares of the company's stock after buying an additional 29,442 shares during the quarter. Guggenheim Capital LLC's holdings in Snowflake were worth $20,646,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction on 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 owns 26,375 shares in the company, valued at approximately $3,408,968.75. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,589 shares of company stock valued at $82,405,796 over the last three months. 7.80% of the stock is currently owned by insiders.

Snowflake Stock Down 1.9 %

Shares of Snowflake stock traded down $2.74 during midday trading on Friday, reaching $143.34. 2,483,780 shares of the company's stock traded hands, compared to its average volume of 6,421,229. The company has a market cap of $47.32 billion, a price-to-earnings ratio of -42.28 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's 50 day simple moving average is $159.07 and its 200 day simple moving average is $154.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SNOW. Truist Financial lowered their target price on shares of Snowflake from $225.00 to $210.00 and set a "buy" rating for the company in a report on Monday, March 31st. Bank of America upped their price target on Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Monness Crespi & Hardt lifted their price objective on shares of Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. BTIG Research upgraded shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a research note on Thursday, February 20th. Finally, Evercore ISI boosted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.76.

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.