Knights of Columbus Asset Advisors LLC Buys Shares of 5,247 Snowflake Inc. (NYSE:SNOW)

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,247 shares of the company's stock, valued at approximately $810,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new position in Snowflake in the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake in the fourth quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after buying an additional 144 shares during the period. Perkins Coie Trust Co lifted its position in shares of 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 buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Snowflake in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Stock Down 1.7 %

SNOW traded down $2.73 on Thursday, hitting $157.01. 2,645,480 shares of the company were exchanged, compared to its average volume of 6,313,391. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $51.83 billion, a price-to-earnings ratio of -46.31 and a beta of 1.07. The firm has a 50-day moving average price of $172.61 and a two-hundred day moving average price of $150.69. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.

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Wall Street Analyst Weigh In

Several research firms have issued reports on SNOW. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, February 27th. Wolfe Research raised shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target on the stock in a research note on Tuesday, February 18th. StockNews.com upgraded Snowflake from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Wedbush set a $210.00 price target on Snowflake in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada boosted their price target on Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.08.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $100,859.40. Following the sale, the executive vice president now owns 622,611 shares of the company's stock, valued at approximately $91,673,243.64. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 7,016 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $1,092,321.04. Following the completion of the transaction, the director now owns 182,999 shares of the company's stock, valued at $28,491,114.31. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,968 shares of company stock valued at $50,900,550. Insiders own 7.80% of the company's stock.

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.