Snowflake Inc. (NYSE:SNOW) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 25.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,257 shares of the company's stock after purchasing an additional 6,706 shares during the period. Baird Financial Group Inc.'s holdings in Snowflake were worth $5,135,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SNOW. GAMMA Investing LLC lifted its holdings in shares of Snowflake by 59.6% in the fourth quarter. GAMMA Investing LLC now owns 391 shares of the company's stock worth $60,000 after buying an additional 146 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Snowflake by 2.3% in the fourth quarter. Nordea Investment Management AB now owns 23,911 shares of the company's stock worth $3,682,000 after purchasing an additional 536 shares during the last quarter. Diversified Trust Co lifted its position in shares of Snowflake by 174.8% in the 4th quarter. Diversified Trust Co now owns 4,906 shares of the company's stock worth $758,000 after purchasing an additional 3,121 shares during the period. Fulton Bank N.A. bought a new stake in shares of Snowflake during the 4th quarter valued at about $216,000. Finally, ORG Partners LLC boosted its stake in Snowflake by 7.4% during the fourth quarter. ORG Partners LLC now owns 2,761 shares of the company's stock worth $426,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SNOW shares. Daiwa America raised shares of Snowflake to a "strong-buy" rating in a report on Tuesday, April 1st. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Mizuho upped their target price on shares of Snowflake from $190.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of Snowflake from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, StockNews.com raised shares of Snowflake from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $200.28.

Snowflake Trading Up 0.8%

Shares of Snowflake stock traded up $1.53 during midday trading on Thursday, reaching $182.98. The company had a trading volume of 1,413,061 shares, compared to its average volume of 6,388,667. The firm has a market cap of $60.40 billion, a PE ratio of -53.93 and a beta of 1.11. The stock has a fifty day moving average price of $154.28 and a 200 day moving average price of $160.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40.

Insider Buying and Selling

In related news, Director Frank Slootman sold 1,783 shares of Snowflake stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now directly owns 192,511 shares in the company, valued at approximately $28,345,319.64. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total value of $2,576,250.00. Following the sale, the executive vice president now owns 594,975 shares in the company, valued at approximately $102,186,956.25. This trade represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,963 shares of company stock worth $58,204,058. 7.80% of the stock is owned by corporate 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.