Snowflake Inc. (NYSE:SNOW) Stock Position Raised by Xponance Inc.

Xponance Inc. raised its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,243 shares of the company's stock after acquiring an additional 4,670 shares during the period. Xponance Inc.'s holdings in Snowflake were worth $9,148,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new stake in Snowflake during the third quarter valued at $25,000. Stonebridge Financial Group LLC bought a new position in Snowflake during the fourth quarter valued at about $29,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after purchasing an additional 144 shares during the period. Perkins Coie Trust Co grew its stake in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Snowflake in the 4th quarter valued at approximately $38,000. Institutional investors own 65.10% of the company's stock.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 861 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $165.31, for a total value of $142,331.91. Following the completion of the transaction, the executive vice president now owns 582,930 shares in the company, valued at $96,364,158.30. This represents a 0.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank Slootman sold 7,016 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total value of $1,092,321.04. Following the completion of the transaction, the director now directly owns 182,999 shares in the company, valued at approximately $28,491,114.31. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 298,429 shares of company stock valued at $50,065,812 in the last 90 days. 7.80% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research analyst reports. Monness Crespi & Hardt increased their price target on Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com upgraded Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Stifel Nicolaus raised their price objective on Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC raised their target price on shares of Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group raised their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $205.08.

Snowflake Price Performance

Shares of SNOW stock traded up $0.75 during mid-day trading on Friday, reaching $157.94. The stock had a trading volume of 3,604,059 shares, compared to its average volume of 6,340,684. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The company has a market cap of $52.14 billion, a P/E ratio of -46.59 and a beta of 1.07. The business has a 50-day simple moving average of $172.74 and a 200 day simple moving average of $149.61. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

About Snowflake

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.