Mariner LLC Has $37.60 Million Position in Snowflake Inc. (NYSE:SNOW)

Mariner LLC lifted its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,525 shares of the company's stock after purchasing an additional 3,159 shares during the period. Mariner LLC owned 0.07% of Snowflake worth $37,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SNOW. Asset Dedication LLC increased its position in shares of Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group boosted its holdings in Snowflake by 2.2% in the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock valued at $454,000 after purchasing an additional 62 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares in the last quarter. Larson Financial Group LLC increased its holdings in Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock worth $64,000 after purchasing an additional 74 shares during the period. Finally, Landscape Capital Management L.L.C. grew its position in shares of Snowflake by 3.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company's stock worth $406,000 after buying an additional 77 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the sale, the chief financial officer now owns 292,610 shares of the company's stock, valued at $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company'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 sale, the executive vice president now directly owns 552,930 shares of the company's stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 491,589 shares of company stock worth $82,405,796. Corporate insiders own 7.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SNOW. Loop Capital lifted their price target on shares of Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Oppenheimer lifted their price target on Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their target price on Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of Snowflake from $187.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Monness Crespi & Hardt lifted their price target on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $201.76.

Snowflake Price Performance

NYSE:SNOW traded down $2.74 during trading hours on Friday, reaching $143.34. 2,483,780 shares of the company's stock were exchanged, compared to its average volume of 6,421,229. The company has a market capitalization of $47.32 billion, a P/E ratio of -42.28 and a beta of 1.13. 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 business's 50-day simple moving average is $159.07 and its two-hundred day simple moving average is $154.35. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40.

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.