Snowflake Inc. (NYSE:SNOW) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 91.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,614 shares of the company's stock after purchasing an additional 33,661 shares during the period. Level Four Advisory Services LLC's holdings in Snowflake were worth $10,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SNOW. Jennison Associates LLC boosted its holdings in Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after buying an additional 3,662,671 shares in the last quarter. State Street Corp boosted its stake in shares of Snowflake by 0.8% during the 3rd quarter. State Street Corp now owns 6,867,097 shares of the company's stock worth $788,755,000 after acquiring an additional 54,909 shares in the last quarter. Norges Bank acquired a new stake in shares of Snowflake during the 4th quarter valued at about $988,950,000. GQG Partners LLC purchased a new position in shares of Snowflake in the 4th quarter valued at about $750,572,000. Finally, Geode Capital Management LLC raised its holdings in Snowflake by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company's stock worth $475,894,000 after purchasing an additional 138,663 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of Snowflake 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 in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,968 shares of company stock worth $84,363,550 over the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

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Snowflake Price Performance

SNOW stock traded down $4.34 on Monday, reaching $146.29. The company had a trading volume of 5,247,231 shares, compared to its average volume of 6,381,142. 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 company's fifty day moving average is $171.99 and its 200 day moving average is $151.58. The company has a market cap of $48.29 billion, a P/E ratio of -43.15 and a beta of 1.07. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SNOW. Jefferies Financial Group cut their target price on shares of Snowflake from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday. JMP Securities reiterated a "market outperform" rating and issued a $190.00 target price on shares of Snowflake in a research report on Tuesday, December 3rd. Truist Financial reduced their price objective on Snowflake from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Monday. Loop Capital raised their target price on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and an average target price of $203.83.

About Snowflake

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.