ZEGA Investments LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,442 shares of the company's stock, valued at approximately $531,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Groupama Asset Managment acquired a new stake in shares of Snowflake during the third quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter worth $29,000. Blue Bell Private Wealth Management LLC increased its position 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 worth $34,000 after purchasing an additional 144 shares during the last quarter. Perkins Coie Trust Co raised 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 in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the fourth quarter worth about $38,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Snowflake
In related news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68. Following the transaction, the executive now directly owns 311,999 shares in the company, valued at $49,058,722.76. The trade was a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares of the company's stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,968 shares of company stock valued at $50,900,550 in the last quarter. Insiders own 7.80% of the company's stock.
Snowflake Price Performance
Snowflake stock traded down $3.65 during midday trading on Wednesday, hitting $159.18. The company's stock had a trading volume of 3,451,790 shares, compared to its average volume of 6,319,134. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock's 50-day moving average price is $172.75 and its 200-day moving average price is $150.63. The company has a market capitalization of $52.55 billion, a PE ratio of -46.96 and a beta of 1.07.
Wall Street Analysts Forecast Growth
SNOW has been the subject of several research analyst reports. Needham & Company LLC boosted their price objective on Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their price target on Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Loop Capital raised their price objective on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com raised shares of Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company 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.
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