Snowflake Inc. (NYSE:SNOW) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 16.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 132,560 shares of the company's stock after purchasing an additional 18,795 shares during the period. Ensign Peak Advisors Inc's holdings in Snowflake were worth $20,469,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prospect Financial Services LLC acquired a new stake in shares of Snowflake during the 4th quarter worth about $288,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Snowflake by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock worth $104,028,000 after acquiring an additional 8,857 shares in the last quarter. Bourgeon Capital Management LLC acquired a new position in Snowflake during the 4th quarter valued at approximately $5,851,000. Stephens Consulting LLC increased its holdings in shares of Snowflake by 7,407.4% during the fourth quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock valued at $313,000 after purchasing an additional 2,000 shares during the period. Finally, Kirtland Hills Capital Management LLC boosted its position in shares of Snowflake by 40.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock valued at $2,458,000 after purchasing an additional 4,559 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Activity

In other news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. This represents a 50.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company's 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 transaction, the executive vice president now owns 594,975 shares in the company, valued at approximately $102,186,956.25. The trade was a 2.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 356,963 shares of company stock worth $58,204,058 over the last 90 days. Corporate insiders own 7.80% of the company's stock.

Snowflake Price Performance

Shares of NYSE:SNOW traded up $1.45 during midday trading on Thursday, reaching $182.90. 3,121,162 shares of the company were exchanged, compared to its average volume of 6,395,108. The stock has a market cap of $60.38 billion, a PE ratio of -53.95 and a beta of 1.11. The business's fifty day moving average is $154.28 and its two-hundred day moving average is $160.13. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Piper Sandler lowered their price target on shares of Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. BTIG Research upgraded shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research note on Thursday, February 20th. Monness Crespi & Hardt raised their price objective on shares of Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Wedbush set a $210.00 target price on Snowflake in a research report on Wednesday, January 22nd. Ten investment 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.28.

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.