Keystone Investors PTE Ltd. acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,311 shares of the company's stock, valued at approximately $2,055,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake in the fourth quarter worth approximately $29,000. Groupama Asset Managment bought a new stake in Snowflake during the third quarter worth $25,000. Blue Bell Private Wealth Management LLC raised its position in Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after buying an additional 144 shares during the last quarter. Perkins Coie Trust Co lifted its stake in Snowflake by 136.3% during the 4th 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. boosted 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 during the last quarter. Institutional investors own 65.10% of the company's stock.
Snowflake Price Performance
SNOW stock traded down $6.38 during midday trading on Friday, reaching $150.60. The company had a trading volume of 4,647,822 shares, compared to its average volume of 6,381,805. The firm has a 50-day moving average price of $171.99 and a 200-day moving average price of $151.30. The company has a market capitalization of $49.71 billion, a P/E ratio of -44.42 and a beta of 1.07. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.
Insider Activity at Snowflake
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the sale, the executive vice president now owns 552,930 shares of the company's stock, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the completion of the sale, the executive now owns 308,164 shares of the company's stock, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 603,968 shares of company stock valued at $99,863,550 over the last 90 days. 7.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on SNOW. Bank of America increased their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Oppenheimer lifted their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Needham & Company LLC upped their target price on Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Truist Financial reaffirmed a "buy" rating and set a $225.00 price target (up from $210.00) on shares of Snowflake in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group boosted their price objective on Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $205.08.
Check Out Our Latest Research Report on Snowflake
Snowflake Profile
(
Free Report)
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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