O Shaughnessy Asset Management LLC Buys 2,985 Shares of Snowflake Inc. (NYSE:SNOW)

O Shaughnessy Asset Management LLC lifted its stake in Snowflake Inc. (NYSE:SNOW) by 31.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,590 shares of the company’s stock after purchasing an additional 2,985 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Snowflake were worth $1,944,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in shares of Snowflake by 6.1% during the fourth quarter. Clearbridge Investments LLC now owns 1,177,057 shares of the company’s stock worth $181,749,000 after acquiring an additional 68,158 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Snowflake by 7.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,787 shares of the company’s stock worth $1,254,000 after purchasing an additional 526 shares during the period. IPG Investment Advisors LLC bought a new stake in Snowflake during the 4th quarter worth about $362,000. Schroder Investment Management Group lifted its position in Snowflake by 114.6% during the 4th quarter. Schroder Investment Management Group now owns 519,858 shares of the company’s stock valued at $80,271,000 after purchasing an additional 277,669 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Snowflake by 1,389.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 728,967 shares of the company’s stock valued at $112,560,000 after purchasing an additional 680,017 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 1,783 shares of the 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 completion of the sale, the director now owns 192,511 shares in the company, valued at approximately $28,345,319.64. This trade represents a 0.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 491,186 shares of company stock valued at $82,353,709. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SNOW shares. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Loop Capital increased their price target on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus lifted their price objective on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays increased their target price on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Bank of America boosted their target price on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Snowflake Stock Down 6.8 %

SNOW stock opened at $130.41 on Friday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a market cap of $43.05 billion, a price-to-earnings ratio of -38.47 and a beta of 1.13. 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 business has a 50 day moving average price of $168.97 and a two-hundred day moving average price of $152.12.

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.