Snowflake Inc. (NYSE:SNOW) Shares Purchased by Woodline Partners LP

Woodline Partners LP boosted its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 504,307 shares of the company's stock after acquiring an additional 2,677 shares during the period. Woodline Partners LP owned 0.15% of Snowflake worth $77,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNOW. Jennison Associates LLC lifted its stake in shares of Snowflake by 92.2% during the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after purchasing an additional 3,662,671 shares during the period. Norges Bank acquired a new stake in Snowflake in the 4th quarter valued at $988,950,000. FMR LLC increased its holdings in Snowflake by 84.9% in the 4th quarter. FMR LLC now owns 6,108,123 shares of the company's stock valued at $943,155,000 after purchasing an additional 2,805,425 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of Snowflake during the fourth quarter valued at about $750,572,000. Finally, Geode Capital Management LLC grew its stake in shares of Snowflake by 0.4% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $168.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the executive vice president now directly owns 580,632 shares of the company's stock, valued at $97,546,176. This trade represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the sale, the director now directly owns 26,375 shares of the company's stock, 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. Insiders sold a total of 356,963 shares of company stock valued at $58,204,058 in the last three months. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Price Performance

NYSE SNOW opened at $181.81 on Tuesday. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The stock has a market cap of $60.02 billion, a price-to-earnings ratio of -53.63 and a beta of 1.11. The company's 50 day moving average is $156.24 and its two-hundred day moving average is $162.11. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SNOW. BTIG Research upgraded Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a research note on Thursday, February 20th. KeyCorp cut their price target on Snowflake from $220.00 to $192.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Evercore ISI lifted their price target on Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price on the stock in a report on Tuesday, February 18th. Finally, DA Davidson dropped their target price on Snowflake from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $199.86.

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.

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