LMR Partners LLP Takes Position in Snowflake Inc. (NYSE:SNOW)

LMR Partners LLP acquired a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,323 shares of the company's stock, valued at approximately $3,138,000.

Several other large investors have also recently modified their holdings of SNOW. Prospect Financial Services LLC acquired a new stake in Snowflake in the fourth quarter worth about $288,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Snowflake by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock valued at $104,028,000 after purchasing an additional 8,857 shares during the last quarter. Bourgeon Capital Management LLC acquired a new stake in Snowflake in the 4th quarter worth approximately $5,851,000. Stephens Consulting LLC grew its position in Snowflake by 7,407.4% during the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock worth $313,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC increased its stake in Snowflake by 40.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock valued at $2,458,000 after purchasing an additional 4,559 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00. Following the transaction, the executive vice president now owns 594,975 shares of the company's stock, valued at $102,186,956.25. This represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 7,016 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $1,092,321.04. Following the completion of the transaction, the director now directly owns 182,999 shares in the company, valued at $28,491,114.31. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 356,963 shares of company stock valued at $58,204,058 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wolfe Research raised shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective on the stock in a report on Tuesday, February 18th. Mizuho increased their price objective on Snowflake from $190.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday. Oppenheimer lifted their target price on Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Snowflake from $215.00 to $200.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of Snowflake from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.28.

Snowflake Price Performance

Shares of NYSE SNOW traded up $0.04 during mid-day trading on Friday, reaching $183.01. The company's stock had a trading volume of 3,414,758 shares, compared to its average volume of 6,392,286. The stock has a market capitalization of $60.41 billion, a P/E ratio of -53.98 and a beta of 1.11. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The stock has a 50-day moving average of $154.99 and a two-hundred day moving average of $160.58. 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 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.