New England Research & Management Inc. purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,200 shares of the company's stock, valued at approximately $494,000.
Other hedge funds have also recently bought and sold shares of the company. Asset Dedication LLC boosted its position in Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group increased its stake in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after purchasing an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock valued at $59,000 after purchasing an additional 90 shares during the last quarter. Modus Advisors LLC boosted its holdings in Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company's stock worth $286,000 after purchasing an additional 94 shares in the last quarter. Finally, Catalyst Private Wealth LLC increased its position in Snowflake by 3.2% during the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company's stock worth $382,000 after buying an additional 104 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SNOW has been the topic of a number of analyst reports. Cantor Fitzgerald started coverage on Snowflake in a report on Friday, January 17th. They set an "overweight" rating and a $201.00 price objective on the stock. Truist Financial reiterated a "buy" rating and set a $210.00 price target on shares of Snowflake in a report on Thursday, November 21st. Wedbush upgraded shares of Snowflake from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. KeyCorp upped their price objective on shares of Snowflake from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Finally, Barclays upgraded shares of Snowflake from an "equal weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $188.06.
Check Out Our Latest Research Report on Snowflake
Insider Buying and Selling at Snowflake
In other news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $85,354,801.35. This represents a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the sale, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 504,151 shares of company stock valued at $84,973,139. Corporate insiders own 7.80% of the company's stock.
Snowflake Trading Down 1.5 %
Shares of Snowflake stock traded down $2.71 during trading on Thursday, hitting $180.17. 4,381,767 shares of the company were exchanged, compared to its average volume of 5,137,179. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $59.47 billion, a P/E ratio of -53.17 and a beta of 1.05. The firm's fifty day moving average price is $169.02 and its 200 day moving average price is $137.06. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.
Snowflake Company Profile
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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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