Brevan Howard Capital Management LP acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,261 shares of the company's stock, valued at approximately $1,893,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter worth approximately $29,000. West Paces Advisors Inc. acquired a new position in Snowflake during the fourth quarter worth $31,000. Quadrant Capital Group LLC lifted its holdings in Snowflake by 74.6% in the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after purchasing an additional 144 shares in the last quarter. Finally, Perkins Coie Trust Co grew its stake in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock worth $37,000 after purchasing an additional 139 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on SNOW shares. Wells Fargo & Company decreased their price objective 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. Royal Bank of Canada raised their price objective on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wolfe Research upgraded Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price on the stock in a research report on Tuesday, February 18th. KeyCorp dropped their price target on Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group lifted their price target on Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of "Moderate Buy" and a consensus price target of $200.28.
Get Our Latest Stock Report on SNOW
Snowflake Stock Up 0.1 %
Shares of NYSE:SNOW traded up $0.17 during trading on Friday, hitting $174.14. The company's stock had a trading volume of 2,594,452 shares, compared to its average volume of 6,389,773. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock's 50-day moving average price is $153.28 and its two-hundred day moving average price is $158.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $57.48 billion, a PE ratio of -51.37 and a beta of 1.11.
Insider Buying and Selling at Snowflake
In related news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the sale, the executive vice president now directly owns 594,975 shares of the company's stock, valued at approximately $102,186,956.25. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $168.01, for a total transaction of $67,708.03. Following the sale, the director now owns 25,972 shares of the company's stock, valued at approximately $4,363,555.72. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 356,963 shares of company stock worth $58,204,058 in the last ninety days. 7.80% of the stock is owned by insiders.
About Snowflake
(
Free Report)
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.
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