Jefferies Financial Group Inc. boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 139.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,135 shares of the company's stock after acquiring an additional 3,577 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Snowflake were worth $947,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in Snowflake during the 4th quarter worth approximately $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake in the 4th quarter valued at $31,000. Quadrant Capital Group LLC boosted its stake in shares of Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. Colonial Trust Co SC bought a new stake in shares of Snowflake in the 4th quarter valued at $33,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock valued at $34,000 after purchasing an additional 144 shares during the last quarter. 65.10% of the stock is owned by institutional investors.
Snowflake Price Performance
SNOW opened at $182.90 on Friday. The firm has a market cap of $60.38 billion, a P/E ratio of -53.95 and a beta of 1.11. The firm has a 50-day moving average of $154.99 and a 200 day moving average of $160.58. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SNOW shares. StockNews.com raised shares of Snowflake from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Monness Crespi & Hardt upped their price objective on shares of Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Daiwa Capital Markets started coverage on shares of Snowflake in a research note on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Finally, Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.28.
Check Out Our Latest Stock Report on Snowflake
Insider Activity at Snowflake
In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $168.01, for a total transaction of $67,708.03. Following the completion of the transaction, the director now owns 25,972 shares in the company, valued at approximately $4,363,555.72. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the transaction, the chief financial officer now owns 292,610 shares of the company's stock, valued at $47,756,878.10. This represents a 50.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,963 shares of company stock worth $58,204,058. 7.80% of the stock is owned by company insiders.
Snowflake Company Profile
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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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