Mission Creek Capital Partners Inc. Takes $4.45 Million Position in Snowflake Inc. (NYSE:SNOW)

Mission Creek Capital Partners Inc. acquired a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,815 shares of the company's stock, valued at approximately $4,449,000. Snowflake makes up 0.9% of Mission Creek Capital Partners Inc.'s portfolio, making the stock its 28th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Asset Dedication LLC raised its stake in shares of Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after purchasing an additional 59 shares in the last quarter. Breakwater Capital Group boosted its holdings in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after buying an additional 62 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after buying an additional 65 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after buying an additional 69 shares during the period. Finally, Larson Financial Group LLC raised its stake in Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after purchasing an additional 74 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $160.00, for a total value of $1,600,000.00. Following the sale, the executive vice president now owns 590,632 shares in the company, valued at approximately $94,501,120. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares in the company, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,342 shares of company stock valued at $61,578,513 in the last 90 days. Corporate insiders own 7.80% of the company's stock.

Analyst Ratings Changes

SNOW has been the subject of several research analyst reports. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price for the company in a research note on Tuesday, February 18th. Macquarie initiated coverage on shares of Snowflake in a research note on Wednesday, April 2nd. They issued a "neutral" rating and a $160.00 price objective for the company. UBS Group increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on shares of Snowflake from $215.00 to $200.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America increased their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $200.27.

Snowflake Price Performance

SNOW traded down $0.86 on Wednesday, reaching $159.49. The stock had a trading volume of 3,364,414 shares, compared to its average volume of 6,395,221. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The firm has a 50-day moving average of $153.86 and a 200-day moving average of $156.33. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $52.65 billion, a price-to-earnings ratio of -47.05 and a beta of 1.13.

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.