Snowflake Inc. (NYSE:SNOW) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC lifted its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,662 shares of the company's stock after purchasing an additional 12,850 shares during the quarter. MML Investors Services LLC's holdings in Snowflake were worth $6,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC raised its holdings in Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares in the last quarter. Norges Bank acquired a new position in Snowflake during the 4th quarter worth about $988,950,000. FMR LLC grew its stake in Snowflake by 84.9% during the fourth quarter. FMR LLC now owns 6,108,123 shares of the company's stock worth $943,155,000 after purchasing an additional 2,805,425 shares during the period. GQG Partners LLC purchased a new position in shares of Snowflake in the fourth quarter valued at $750,572,000. Finally, Geode Capital Management LLC grew its position in 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 during 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 company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 590,632 shares in the company, valued at $94,501,120. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were 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 directly owns 292,610 shares of the company's stock, valued at $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 374,342 shares of company stock valued at $61,578,513. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho increased their price target on shares of Snowflake from $195.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Daiwa America upgraded shares of Snowflake to a "strong-buy" rating in a research note on Tuesday, April 1st. Stifel Nicolaus upped their target price on Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities lifted their price objective on shares of Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, Loop Capital boosted their price objective on shares of Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and an average target price of $200.27.

Snowflake Price Performance

NYSE:SNOW traded down $2.66 during mid-day trading on Wednesday, hitting $157.69. 994,872 shares of the stock traded hands, compared to its average volume of 6,376,180. The business's 50-day moving average price is $153.86 and its 200 day moving average price is $156.33. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $52.05 billion, a PE ratio of -46.46 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.