Snowflake Inc. (NYSE:SNOW) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,932 shares of the company's stock after acquiring an additional 2,317 shares during the quarter. M&T Bank Corp's holdings in Snowflake were worth $2,460,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Groupama Asset Managment purchased a new stake in shares of Snowflake in the 3rd quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake in the 4th quarter worth $29,000. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after buying an additional 139 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake in the 4th quarter worth $38,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company's stock worth $38,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Activity

In other news, EVP Christian Kleinerman sold 558 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the completion of the sale, the executive vice president now directly owns 690,647 shares in the company, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now owns 195,281 shares of the company's stock, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,193 shares of company stock worth $50,096,313. 7.80% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several research firms have recently commented on SNOW. Loop Capital boosted their price target on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Piper Sandler boosted their price target on Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. KeyCorp upped their target price on Snowflake from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Barclays upped their target price on Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Bank of America upped their target price on Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and a consensus price target of $202.92.

Snowflake Stock Performance

Shares of NYSE SNOW traded up $2.32 during trading on Friday, reaching $158.54. The stock had a trading volume of 11,039,685 shares, compared to its average volume of 6,183,916. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07. The firm's 50 day moving average price is $173.79 and its two-hundred day moving average price is $147.00.

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.