5,310 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd purchased a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,310 shares of the company's stock, valued at approximately $820,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC increased its position in shares of Snowflake by 50.7% during the 4th quarter. Park Avenue Securities LLC now owns 13,000 shares of the company's stock worth $2,007,000 after purchasing an additional 4,373 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock worth $59,000 after buying an additional 90 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Snowflake by 2.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,421 shares of the company's stock worth $1,918,000 after buying an additional 241 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Snowflake in the fourth quarter valued at approximately $493,000. Finally, B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Snowflake by 2.6% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 37,255 shares of the company's stock worth $5,752,000 after acquiring an additional 953 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Snowflake Stock Up 0.4%

Shares of NYSE:SNOW traded up $0.76 during midday trading on Tuesday, hitting $182.81. 4,216,765 shares of the company's stock were exchanged, compared to its average volume of 6,409,322. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a 50 day moving average price of $156.90 and a 200-day moving average price of $162.25. The company has a market cap of $60.35 billion, a PE ratio of -53.93 and a beta of 1.11. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday. Truist Financial lowered their price objective on shares of Snowflake from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Daiwa Capital Markets assumed coverage on shares of Snowflake in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 target price on the stock. Barclays raised their price target on shares of Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, February 27th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.00.

Insiders Place Their Bets

In related news, Director Frank Slootman sold 1,783 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the transaction, the director now directly owns 192,511 shares of the company's stock, valued at approximately $28,345,319.64. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 594,975 shares in the company, valued at approximately $102,186,956.25. This represents a 2.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 356,963 shares of company stock valued at $58,204,058 in the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

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.