Vestor Capital LLC Makes New $13.32 Million Investment in Snowflake Inc. (NYSE:SNOW)

Vestor Capital LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 86,259 shares of the company's stock, valued at approximately $13,319,000. Snowflake makes up 1.0% of Vestor Capital LLC's portfolio, making the stock its 25th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock valued at $1,179,230,000 after buying an additional 3,662,671 shares in the last quarter. State Street Corp lifted its stake in shares of Snowflake by 0.8% in the 3rd quarter. State Street Corp now owns 6,867,097 shares of the company's stock valued at $788,755,000 after acquiring an additional 54,909 shares during the last quarter. Geode Capital Management LLC grew its position in Snowflake by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company's stock worth $475,894,000 after acquiring an additional 138,663 shares during the last quarter. Two Sigma Advisers LP grew its position in Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company's stock worth $464,402,000 after acquiring an additional 881,700 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Snowflake by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,935,779 shares of the company's stock worth $222,344,000 after purchasing an additional 51,366 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

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Snowflake Price Performance

Shares of Snowflake stock traded down $3.65 on Wednesday, hitting $159.18. 3,451,790 shares of the company traded hands, compared to its average volume of 6,328,200. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. 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 company has a market cap of $52.55 billion, a P/E ratio of -46.96 and a beta of 1.07. The firm's 50-day simple moving average is $172.75 and its 200 day simple moving average is $150.63.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Stifel Nicolaus upped their price target on shares of Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Needham & Company LLC boosted their price objective on shares of Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Evercore ISI raised 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. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and a consensus price target of $205.08.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the transaction, the director now directly owns 195,281 shares of the company's stock, valued at approximately $30,268,555. This trade represents a 33.87 % 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, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 303,968 shares of company stock worth $50,900,550. 7.80% of the stock is currently owned by corporate insiders.

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.