Snowflake Inc. (NYSE:SNOW) Stock Holdings Raised by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 293.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,372 shares of the company's stock after acquiring an additional 30,849 shares during the quarter. Pacer Advisors Inc.'s holdings in Snowflake were worth $6,388,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SNOW. Groupama Asset Managment purchased a new stake in Snowflake during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Snowflake during the third quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new stake in Snowflake in the third quarter valued at approximately $34,000. Perkins Coie Trust Co lifted its stake in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Snowflake during the 4th quarter worth approximately $38,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Trading Down 1.9 %

Snowflake stock traded down $3.46 during midday trading on Thursday, reaching $179.42. The stock had a trading volume of 6,414,480 shares, compared to its average volume of 5,250,758. The stock has a market capitalization of $59.23 billion, a PE ratio of -52.93 and a beta of 1.05. 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's 50-day simple moving average is $169.02 and its 200 day simple moving average is $137.06. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72.

Insider Activity

In other news, CAO Emily Ho sold 1,508 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares of the company's stock, valued at $7,303,489.20. This represents a 3.26 % 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 stock in a transaction dated 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 sale, the executive vice president now owns 706,755 shares of the company's stock, valued at approximately $85,354,801.35. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 504,151 shares of company stock valued at $84,973,139 in the last three months. Corporate insiders own 7.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Snowflake from $170.00 to $220.00 and gave the stock a "sector outperform" rating in a research report on Monday, December 9th. KeyCorp lifted their price target on Snowflake from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Needham & Company LLC increased their price objective on Snowflake from $160.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Truist Financial restated a "buy" rating and set a $210.00 target price on shares of Snowflake in a research note on Thursday, November 21st. Finally, Evercore ISI increased their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $188.06.

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.