1,876 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC bought a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,876 shares of the company’s stock, valued at approximately $290,000.

Other large investors also recently modified their holdings of the company. Groupama Asset Managment bought a new position in shares of Snowflake during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the fourth quarter worth $29,000. Quadrant Capital Group LLC boosted its holdings in shares of Snowflake by 74.6% during the fourth 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 period. Blue Bell Private Wealth Management LLC increased its holdings 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 worth $34,000 after acquiring an additional 144 shares during the period. Finally, Perkins Coie Trust Co lifted its position in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on SNOW shares. Monness Crespi & Hardt upped their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Guggenheim restated a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price target on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Evercore ISI raised their price target on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Piper Sandler upped their price objective on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Ten 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.05.

Snowflake Stock Down 6.8 %

Shares of Snowflake stock opened at $130.41 on Monday. The stock has a 50-day simple moving average of $168.97 and a 200-day simple moving average of $152.70. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The firm 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 debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 7,908 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $154.67, for a total value of $1,223,130.36. Following the completion of the sale, the executive vice president now owns 600,632 shares of the company’s stock, valued at $92,899,751.44. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the transaction, the chief financial officer now directly owns 292,610 shares in the company, valued at approximately $47,756,878.10. This represents a 50.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 491,186 shares of company stock worth $82,353,709 over the last ninety days. 7.80% of the stock is currently owned by insiders.

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.