Joule Financial LLC Takes Position in Snowflake Inc. (NYSE:SNOW)

Joule Financial LLC purchased a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,031 shares of the company's stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Groupama Asset Managment bought a new stake in shares of Snowflake during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in Snowflake during the 3rd quarter valued at about $30,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the third quarter worth $34,000. Larson Financial Group LLC increased its holdings in Snowflake by 81.3% in the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company's stock worth $39,000 after buying an additional 152 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Price Performance

Shares of SNOW traded up $3.25 during trading hours on Friday, hitting $170.89. 4,156,568 shares of the company were exchanged, compared to its average volume of 3,873,271. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The firm's fifty day moving average is $161.11 and its 200 day moving average is $134.97. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $56.41 billion, a price-to-earnings ratio of -50.41 and a beta of 1.05.

Insider Buying and Selling

In related news, Director Frank Slootman sold 45,896 shares of the business's stock in a transaction on 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 owns 208,735 shares in the company, valued at $36,749,884.10. The trade was a 18.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company's stock, valued at $85,354,801.35. This represents a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 376,904 shares of company stock worth $62,545,855. Corporate insiders own 7.80% of the company's stock.

Analysts Set New Price Targets

SNOW has been the subject of several research analyst reports. Loop Capital upped their price target on shares of Snowflake from $185.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Jefferies Financial Group boosted their price objective on Snowflake from $180.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 16th. Mizuho boosted their price objective on Snowflake from $165.00 to $195.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. KeyCorp boosted their target price on Snowflake from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Finally, Oppenheimer raised their price objective on Snowflake from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $188.06.

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.