Zevenbergen Capital Investments LLC Has $38.87 Million Stock Position in Snowflake Inc. (NYSE:SNOW)

Zevenbergen Capital Investments LLC reduced its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 251,702 shares of the company's stock after selling 20,985 shares during the period. Zevenbergen Capital Investments LLC owned 0.08% of Snowflake worth $38,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Groupama Asset Managment bought a new stake in Snowflake during the third quarter valued at about $25,000. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the 4th quarter worth about $29,000. Blue Bell Private Wealth Management LLC boosted its stake in Snowflake by 189.5% during 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 holdings in 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 buying an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Snowflake in the 4th quarter worth approximately $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNOW. Rosenblatt Securities increased their price objective on Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Truist Financial reissued a "buy" rating and issued a $225.00 price target (up from $210.00) on shares of Snowflake in a report on Thursday, February 27th. Oppenheimer boosted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Citigroup increased their target price on shares of Snowflake from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Monness Crespi & Hardt boosted their price target on Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Nine research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $205.08.

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Snowflake Price Performance

Shares of SNOW traded down $6.38 during mid-day trading on Friday, hitting $150.60. 4,647,822 shares of the company traded hands, compared to its average volume of 6,381,805. 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 stock has a market capitalization of $49.71 billion, a price-to-earnings ratio of -44.42 and a beta of 1.07. The business has a 50-day moving average of $171.99 and a 200 day moving average of $151.02. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the sale, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 100,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now directly owns 195,281 shares of the company's stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 603,968 shares of company stock valued at $99,863,550 over the last 90 days. 7.80% of the stock is owned by company insiders.

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.