Alliancebernstein L.P. grew its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 132.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 282,696 shares of the company's stock after purchasing an additional 160,888 shares during the period. Alliancebernstein L.P. owned approximately 0.09% of Snowflake worth $43,651,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNOW. Groupama Asset Managment purchased a new position in shares of Snowflake during the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Snowflake during the 4th quarter valued at about $29,000. Blue Bell Private Wealth Management LLC raised 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 buying an additional 144 shares during the last quarter. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after buying an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Snowflake during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 65.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SNOW shares. Mizuho lifted their price objective on Snowflake from $195.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Oppenheimer raised their target price on Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Macquarie assumed coverage on Snowflake in a research report on Wednesday, April 2nd. They set a "neutral" rating and a $160.00 target price on the stock. Citigroup raised their target price on Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus lifted their price objective on Snowflake from $187.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.84.
Check Out Our Latest Report on SNOW
Insider Buying and Selling at Snowflake
In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the transaction, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank Slootman sold 127,247 shares of the stock in a transaction dated 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 transaction, the director now directly owns 195,281 shares of the company's stock, valued at $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 491,589 shares of company stock worth $82,405,796 over the last 90 days. Corporate insiders own 7.80% of the company's stock.
Snowflake Stock Down 5.2 %
Shares of SNOW stock traded down $7.83 on Thursday, reaching $143.32. 983,231 shares of the stock were exchanged, compared to its average volume of 6,427,615. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The business's 50 day moving average price is $164.81 and its 200 day moving average price is $153.09. The company has a market capitalization of $47.31 billion, a price-to-earnings ratio of -42.53 and a beta of 1.13. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.
Snowflake Company Profile
(
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.
Recommended Stories
Before you consider Snowflake, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snowflake wasn't on the list.
While Snowflake currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
