Boothbay Fund Management LLC Boosts Holdings in Snowflake Inc. (NYSE:SNOW)

Boothbay Fund Management LLC lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 212.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,067 shares of the company's stock after purchasing an additional 16,365 shares during the period. Boothbay Fund Management LLC's holdings in Snowflake were worth $3,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SNOW. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $29,000. Quadrant Capital Group LLC boosted its holdings 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 in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Snowflake by 189.5% in 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 in the last quarter. Perkins Coie Trust Co boosted its holdings in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Snowflake in the fourth quarter worth approximately $38,000. Institutional investors own 65.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Daiwa Capital Markets assumed coverage on Snowflake in a report on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price target on the stock. Citigroup increased their price target on Snowflake from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Piper Sandler cut their price target on Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Macquarie started coverage on Snowflake in a report on Wednesday, April 2nd. They issued a "neutral" rating and a $160.00 price target on the stock. Finally, Guggenheim reissued a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus price target of $200.27.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now owns 26,375 shares in the company, valued at approximately $3,408,968.75. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 374,342 shares of company stock worth $61,578,513. Insiders own 7.80% of the company's stock.

Snowflake Price Performance

Shares of SNOW traded up $1.32 during midday trading on Tuesday, hitting $160.28. 2,327,244 shares of the company traded hands, compared to its average volume of 6,397,347. The stock has a 50-day moving average of $153.86 and a 200-day moving average of $156.33. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The firm has a market cap of $52.91 billion, a P/E ratio of -47.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

About Snowflake

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.