World Investment Advisors Buys Shares of 2,146 Snowflake Inc. (NYSE:SNOW)

World Investment Advisors bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,146 shares of the company's stock, valued at approximately $331,000.

Other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. purchased a new stake in shares of Snowflake in the third quarter worth approximately $216,000. Janus Henderson Group PLC raised its position in Snowflake by 4.2% in the 3rd quarter. Janus Henderson Group PLC now owns 25,231 shares of the company's stock valued at $2,898,000 after buying an additional 1,027 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Snowflake by 11.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,071 shares of the company's stock valued at $582,000 after acquiring an additional 536 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Snowflake by 8.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,700 shares of the company's stock worth $9,729,000 after acquiring an additional 6,950 shares during the last quarter. Finally, Groupama Asset Managment bought a new stake in shares of Snowflake in the 3rd quarter worth $25,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SNOW shares. Wells Fargo & Company boosted their price target on shares of Snowflake from $210.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Piper Sandler boosted their target price on Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Daiwa Capital Markets initiated coverage on Snowflake in a research report on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Finally, Evercore ISI raised their target price on Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $201.84.

Remove Ads

Snowflake Trading Up 1.5 %

SNOW stock traded up $2.11 on Monday, reaching $147.07. The company's stock had a trading volume of 463,533 shares, compared to its average volume of 6,427,927. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The firm has a market cap of $48.55 billion, a PE ratio of -43.38 and a beta of 1.13. The business has a fifty day simple moving average of $163.16 and a two-hundred day simple moving average of $153.82.

Insider Activity

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

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.