8,145 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Banque Transatlantique SA

Banque Transatlantique SA purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,145 shares of the company's stock, valued at approximately $1,283,000.

Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in Snowflake in the 4th quarter valued at about $29,000. West Paces Advisors Inc. acquired a new position in Snowflake in the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC grew its position in Snowflake by 74.6% in the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after acquiring an additional 91 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after acquiring an additional 144 shares during the last quarter. Finally, Perkins Coie Trust Co raised its position in Snowflake by 136.3% in the fourth 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. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Stock Performance

Shares of Snowflake stock traded up $0.67 during trading hours on Tuesday, hitting $168.54. 2,279,053 shares of the company were exchanged, compared to its average volume of 6,396,129. 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 business has a 50-day moving average of $153.39 and a 200-day moving average of $157.90. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The stock has a market capitalization of $55.63 billion, a price-to-earnings ratio of -49.72 and a beta of 1.11.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the 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 completion of the transaction, the executive vice president now owns 594,975 shares in the company, valued at approximately $102,186,956.25. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 356,963 shares of company stock worth $58,204,058. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on Snowflake in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price objective for the company. KeyCorp dropped their price target on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Bank of America upped their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Rosenblatt Securities lifted their target price on shares of Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group decreased their price target on Snowflake from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $200.28.

Snowflake Company 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.