Gotham Asset Management LLC Has $68.91 Million Stake in Snowflake Inc. (NYSE:SNOW)

Gotham Asset Management LLC lifted its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 446,248 shares of the company's stock after purchasing an additional 3,242 shares during the quarter. Snowflake accounts for about 0.7% of Gotham Asset Management LLC's holdings, making the stock its 10th largest position. Gotham Asset Management LLC owned about 0.14% of Snowflake worth $68,905,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new position in Snowflake in the 4th quarter worth $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake in the 4th quarter valued at about $31,000. Quadrant Capital Group LLC grew its position in Snowflake by 74.6% during the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after acquiring an additional 91 shares during the last quarter. Colonial Trust Co SC purchased a new position in Snowflake in the 4th quarter worth approximately $33,000. Finally, Blue Bell Private Wealth Management LLC lifted 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 valued at $34,000 after purchasing an additional 144 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 292,610 shares in the company, valued at approximately $47,756,878.10. This trade represents a 50.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the company'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 transaction of $52,087.75. Following the completion of the transaction, the director now owns 26,375 shares of the company's stock, valued at approximately $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. Insiders have sold 356,963 shares of company stock worth $58,204,058 in the last quarter. Company insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNOW shares. Piper Sandler decreased their price objective on shares of Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada boosted their price target on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Truist Financial dropped their price objective on Snowflake from $225.00 to $210.00 and set a "buy" rating for the company in a report on Monday, March 31st. Jefferies Financial Group decreased their target price on Snowflake from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, DA Davidson cut their price target on shares of Snowflake from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.28.

Snowflake Stock Performance

NYSE:SNOW traded up $1.45 on Thursday, hitting $182.90. The stock had a trading volume of 3,121,162 shares, compared to its average volume of 6,404,104. The business's 50-day simple moving average is $154.28 and its two-hundred day simple moving average is $160.13. The stock has a market cap of $60.38 billion, a price-to-earnings ratio of -53.95 and a beta of 1.11. Snowflake Inc. has a 52-week low of $107.13 and a 52-week 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.

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.