Whipplewood Advisors LLC Takes $48,000 Position in Snowflake Inc. (NYSE:SNOW)

Whipplewood Advisors LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, HoldingsChannel reports. The firm acquired 312 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors have also modified their holdings of SNOW. Jennison Associates LLC raised its position in shares of Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after purchasing an additional 2,559,144 shares during the last quarter. Two Sigma Advisers LP increased its position in Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after purchasing an additional 881,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Snowflake by 165.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock worth $61,439,000 after purchasing an additional 333,500 shares during the last quarter. Finally, General Catalyst Group Management LLC acquired a new position in Snowflake during the fourth quarter worth approximately $40,931,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the completion of the transaction, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.06, for a total value of $2,224,834.92. Following the transaction, the executive now directly owns 323,731 shares of the company’s stock, valued at $56,348,617.86. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 312,193 shares of company stock worth $52,833,048 over the last quarter. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on SNOW. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target for the company in a research report on Tuesday, February 18th. UBS Group upped their price target on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Bank of America upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average price target of $202.92.

Snowflake Trading Up 1.8 %

Shares of NYSE SNOW opened at $176.76 on Friday. The stock’s 50 day moving average price is $173.19 and its two-hundred day moving average price is $145.51. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The stock has a market capitalization of $58.35 billion, a P/E ratio of -52.14 and a beta of 1.07. 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 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.