Dnca Finance Buys New Position in Snowflake Inc. (NYSE:SNOW)

Dnca Finance acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,350 shares of the company's stock, valued at approximately $4,223,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNOW. Jennison Associates LLC grew its position in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares in the last quarter. Norges Bank bought a new stake in shares of Snowflake in the 4th quarter worth about $988,950,000. FMR LLC grew its stake in shares of Snowflake by 84.9% during the fourth quarter. FMR LLC now owns 6,108,123 shares of the company's stock valued at $943,155,000 after buying an additional 2,805,425 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Snowflake during the 4th quarter worth approximately $750,572,000. Finally, Geode Capital Management LLC grew its position in Snowflake by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company's stock valued at $642,742,000 after acquiring an additional 15,314 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on SNOW. Citigroup upped their price target on shares of Snowflake from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Rosenblatt Securities raised their price objective on Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Oppenheimer increased their price target on Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. UBS Group boosted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Finally, Piper Sandler reduced their price objective on shares of Snowflake from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of "Moderate Buy" and an average price target of $200.27.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business'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 value of $52,087.75. Following the transaction, the director now owns 26,375 shares in the company, valued at $3,408,968.75. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 364,342 shares of company stock worth $59,978,513 in the last ninety days. 7.80% of the stock is owned by corporate insiders.

Snowflake Stock Up 7.3 %

SNOW traded up $10.69 on Thursday, reaching $158.08. The company's stock had a trading volume of 4,074,391 shares, compared to its average volume of 6,406,253. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a 50 day moving average of $156.19 and a two-hundred day moving average of $154.97. The company has a market capitalization of $52.18 billion, a price-to-earnings ratio of -46.62 and a beta of 1.13.

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.