Neuberger Berman Group LLC raised its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,276 shares of the company's stock after buying an additional 1,805 shares during the period. Neuberger Berman Group LLC's holdings in Snowflake were worth $8,381,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SNOW. Stonebridge Financial Group LLC bought a new position in Snowflake in the 4th quarter worth $29,000. Quadrant Capital Group LLC lifted its position in shares of Snowflake by 74.6% during the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock valued at $33,000 after buying an additional 91 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after acquiring an additional 144 shares during the period. Perkins Coie Trust Co increased its holdings in 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 acquiring an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Snowflake during the 4th quarter worth approximately $38,000. 65.10% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the sale, the director now owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the sale, the director now owns 195,281 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 491,589 shares of company stock valued at $82,405,796. 7.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
SNOW has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on shares of Snowflake in a research note on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective for the company. Stifel Nicolaus boosted their price objective on Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Evercore ISI increased their target price on Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Bank of America lifted their price objective on shares of Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.51.
Get Our Latest Report on SNOW
Snowflake Stock Up 1.4 %
Shares of Snowflake stock traded up $2.04 on Tuesday, reaching $146.59. The stock had a trading volume of 2,379,495 shares, compared to its average volume of 6,420,423. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The company has a 50 day moving average price of $162.27 and a 200 day moving average price of $154.03. 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 stock has a market capitalization of $48.39 billion, a P/E ratio of -43.24 and a beta of 1.13.
About Snowflake
(
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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