Vinva Investment Management Ltd lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 59.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,989 shares of the company's stock after acquiring an additional 5,605 shares during the quarter. Vinva Investment Management Ltd's holdings in Snowflake were worth $2,323,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Andar Capital Management HK Ltd bought a new stake in Snowflake in the fourth quarter worth about $2,779,000. Xponance Inc. raised its holdings in shares of Snowflake by 8.6% in the 4th quarter. Xponance Inc. now owns 59,243 shares of the company's stock worth $9,148,000 after purchasing an additional 4,670 shares during the period. Generali Asset Management SPA SGR purchased a new position in Snowflake in the fourth quarter valued at approximately $1,468,000. Signaturefd LLC grew its holdings in Snowflake by 11.8% during the fourth quarter. Signaturefd LLC now owns 2,416 shares of the company's stock valued at $373,000 after purchasing an additional 255 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Snowflake by 79.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 359 shares of the company's stock worth $55,000 after buying an additional 159 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.
Snowflake Trading Up 3.1 %
NYSE:SNOW traded up $4.97 during midday trading on Monday, reaching $163.36. 3,880,961 shares of the stock traded hands, compared to its average volume of 6,331,001. The stock has a market capitalization of $53.93 billion, a P/E ratio of -48.19 and a beta of 1.07. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. 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 has a fifty day moving average of $172.74 and a 200 day moving average of $149.89.
Insider Activity
In other Snowflake news, Director Frank Slootman sold 100,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares in the company, valued at approximately $30,268,555. This represents a 33.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the sale, the chief accounting officer now directly owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,568 shares of company stock valued at $49,923,480. Insiders own 7.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on SNOW shares. Jefferies Financial Group upped their price target on shares of Snowflake from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Piper Sandler raised their price target on Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Bank of America raised their target price on Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Scotiabank upped their price target on Snowflake from $170.00 to $220.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.08.
View Our Latest Research Report on Snowflake
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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
