Snowflake Inc. (NYSE:SNOW) Position Increased by Stephens Inc. AR

Stephens Inc. AR raised its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 9.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,945 shares of the company’s stock after purchasing an additional 262 shares during the quarter. Stephens Inc. AR’s holdings in Snowflake were worth $455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new position in Snowflake in the 3rd quarter worth approximately $25,000. Perkins Coie Trust Co boosted its stake in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the period. Geneos Wealth Management Inc. boosted its stake in Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after purchasing an additional 230 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Snowflake in the 4th quarter worth approximately $38,000. Finally, V Square Quantitative Management LLC acquired a new position in Snowflake in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

NYSE:SNOW opened at $187.86 on Friday. The firm’s 50-day moving average is $171.43 and its 200-day moving average is $141.17. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $236.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $62.01 billion, a price-to-earnings ratio of -55.42 and a beta of 1.07.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 76,692 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the transaction, the executive now owns 346,741 shares in the company, valued at approximately $58,398,119.22. The trade was a 18.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 516,933 shares of company stock worth $88,283,752. 7.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. Loop Capital raised their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $200.00 in a research note on Tuesday, January 7th. Citigroup decreased their target price on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research note on Monday, November 18th. Truist Financial reissued a “buy” rating and set a $210.00 target price on shares of Snowflake in a research note on Thursday, November 21st. Finally, KeyCorp lifted their target price on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.63.

About Snowflake

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.