Square Peg Capital PTY Ltd. bought a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 75,382 shares of the company's stock, valued at approximately $11,640,000. Snowflake accounts for approximately 10.7% of Square Peg Capital PTY Ltd.'s investment portfolio, making the stock its 6th largest holding.
A number of other large investors also recently added to or reduced their stakes in SNOW. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake in the 4th quarter valued at about $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 increased 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 acquiring 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 about $33,000. Finally, Blue Bell Private Wealth Management LLC increased 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 acquiring an additional 144 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Snowflake
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 594,975 shares of the company's stock, valued at $102,186,956.25. This trade represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 1,783 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the sale, the director now directly owns 192,511 shares of the company's stock, valued at $28,345,319.64. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 356,963 shares of company stock valued at $58,204,058 in the last quarter. 7.80% of the stock is currently owned by insiders.
Snowflake Stock Performance
Snowflake stock traded down $1.27 during mid-day trading on Monday, hitting $181.81. 3,822,524 shares of the company's stock traded hands, compared to its average volume of 6,406,588. The firm has a 50 day simple moving average of $155.65 and a two-hundred day simple moving average of $161.65. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a market cap of $60.02 billion, a price-to-earnings ratio of -53.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.
Analysts Set New Price Targets
A number of brokerages have recently commented on SNOW. Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target for the company in a research note on Tuesday, February 18th. Guggenheim reissued a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Wedbush set a $210.00 target price on Snowflake in a research note on Wednesday, January 22nd. Loop Capital increased their target price on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $205.00 target price on shares of Snowflake in a research note on Monday. Ten 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, Snowflake has a consensus rating of "Moderate Buy" and an average price target of $199.86.
View Our Latest Stock Analysis on Snowflake
Snowflake Profile
(
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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