O Shaughnessy Asset Management LLC Grows Position in Snowflake Inc. (NYSE:SNOW)

O Shaughnessy Asset Management LLC lifted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,590 shares of the company's stock after buying an additional 2,985 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Snowflake were worth $1,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC grew its stake in shares of Snowflake by 6.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,177,057 shares of the company's stock valued at $181,749,000 after buying an additional 68,158 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Snowflake by 7.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,787 shares of the company's stock worth $1,254,000 after purchasing an additional 526 shares during the period. IPG Investment Advisors LLC bought a new position in Snowflake during the fourth quarter worth $362,000. Schroder Investment Management Group boosted its position in Snowflake by 114.6% during the fourth quarter. Schroder Investment Management Group now owns 519,858 shares of the company's stock worth $80,271,000 after purchasing an additional 277,669 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Snowflake by 1,389.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,967 shares of the company's stock worth $112,560,000 after purchasing an additional 680,017 shares during the period. 65.10% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com raised shares of Snowflake from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. KeyCorp lifted their target price on Snowflake from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their target price on Snowflake from $210.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada lifted their target price on Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $201.84.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now directly owns 195,281 shares of the company's stock, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the transaction, the executive now directly owns 308,164 shares in the company, valued at approximately $56,045,786.68. This trade represents a 3.98 % 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 company insiders.

Snowflake Trading Down 4.9 %

SNOW traded down $7.37 during trading on Thursday, hitting $143.78. The company's stock had a trading volume of 983,231 shares, compared to its average volume of 6,427,552. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. 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's fifty day moving average price is $164.81 and its 200-day moving average price is $153.09. The firm has a market capitalization of $47.46 billion, a P/E ratio of -42.53 and a beta of 1.13.

Snowflake 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.