10,645 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Trustees of Columbia University in the City of New York

Trustees of Columbia University in the City of New York acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,645 shares of the company's stock, valued at approximately $1,644,000. Snowflake accounts for approximately 0.3% of Trustees of Columbia University in the City of New York's portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake during the 4th quarter worth about $29,000. West Paces Advisors Inc. bought a new position in Snowflake during the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC raised its position in Snowflake by 74.6% during 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 in the last quarter. Colonial Trust Co SC acquired a new stake in Snowflake in the fourth quarter valued at approximately $33,000. Finally, Blue Bell Private Wealth Management LLC grew its position 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. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other news, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the transaction, the chief financial officer now owns 292,610 shares in the company, valued at approximately $47,756,878.10. The trade was a 50.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the director now directly owns 26,375 shares in the company, valued at $3,408,968.75. The trade was 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 sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on SNOW. Jefferies Financial Group increased their price target on shares of Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Thursday, February 20th. Wedbush set a $210.00 target price on Snowflake in a report on Wednesday, January 22nd. Canaccord Genuity Group upped 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. Finally, Stifel Nicolaus increased their price objective on Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Ten 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 MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $201.00.

Snowflake Price Performance

Shares of Snowflake stock traded up $0.76 during midday trading on Tuesday, hitting $182.81. 4,216,765 shares of the company were exchanged, compared to its average volume of 6,409,322. The firm has a 50 day simple moving average of $156.90 and a 200-day simple moving average of $162.25. 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 firm has a market cap of $60.35 billion, a P/E ratio of -53.93 and a beta of 1.11. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40.

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.