Wellington Management Group LLP Has $16.76 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Wellington Management Group LLP boosted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 1,325.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,527 shares of the company's stock after buying an additional 100,912 shares during the quarter. Wellington Management Group LLP's holdings in Snowflake were worth $16,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in Snowflake by 31.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 12,590 shares of the company's stock worth $1,944,000 after acquiring an additional 2,985 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Snowflake by 6.1% during the 4th quarter. Clearbridge Investments LLC now owns 1,177,057 shares of the company's stock worth $181,749,000 after purchasing an additional 68,158 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Snowflake by 7.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,787 shares of the company's stock valued at $1,254,000 after buying an additional 526 shares during the last quarter. IPG Investment Advisors LLC bought a new stake in shares of Snowflake in the fourth quarter valued at about $362,000. Finally, Schroder Investment Management Group grew 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 buying an additional 277,669 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

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Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Snowflake from $210.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer raised their target price on Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Rosenblatt Securities boosted their price target on shares of Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a report on Thursday, February 20th. Finally, Truist Financial decreased their target price on shares of Snowflake from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $201.84.

Snowflake Stock Performance

Shares of Snowflake stock traded up $3.22 during trading on Monday, hitting $148.18. 365,523 shares of the stock were exchanged, compared to its average volume of 5,850,943. 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 fifty day moving average price of $163.16 and a 200-day moving average price of $153.82. The stock has a market capitalization of $48.92 billion, a price-to-earnings ratio of -43.71 and a beta of 1.13. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40.

Insider Buying and Selling at Snowflake

In other news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the transaction, the chief financial officer now directly owns 292,610 shares of the company's stock, valued at $47,756,878.10. This represents a 50.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 127,247 shares of Snowflake 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 sale, the director now directly owns 195,281 shares of the company's stock, valued at $34,418,276.25. The trade was a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,589 shares of company stock worth $82,405,796 over the last 90 days. Company insiders own 7.80% of the company's stock.

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.