Meeder Advisory Services Inc. Boosts Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Meeder Advisory Services Inc. lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,862 shares of the company’s stock after buying an additional 142 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Snowflake were worth $751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Groupama Asset Managment boosted its stake in Snowflake by 930,132.6% in the 4th quarter. Groupama Asset Managment now owns 2,000,000 shares of the company’s stock worth $308,820,000 after purchasing an additional 1,999,785 shares during the period. OV Management LLC boosted its position in shares of Snowflake by 6.0% in the fourth quarter. OV Management LLC now owns 3,528 shares of the company’s stock valued at $545,000 after acquiring an additional 199 shares during the period. Trexquant Investment LP grew its stake in Snowflake by 27.2% during the fourth quarter. Trexquant Investment LP now owns 117,421 shares of the company’s stock valued at $18,131,000 after acquiring an additional 25,133 shares in the last quarter. Geode Capital Management LLC increased its holdings in Snowflake by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company’s stock worth $642,742,000 after acquiring an additional 15,314 shares during the period. Finally, Nemes Rush Group LLC lifted its stake in Snowflake by 51.6% in the 4th quarter. Nemes Rush Group LLC now owns 3,143 shares of the company’s stock worth $485,000 after purchasing an additional 1,070 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNOW. Needham & Company LLC upped their price target on shares of Snowflake from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Barclays raised their price target on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Citigroup boosted their price objective on Snowflake from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Thursday, February 20th. Finally, Mizuho boosted their price target on shares of Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $203.05.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were 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 directly owns 552,930 shares of the company’s stock, valued at $103,121,445. This represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the transaction, the chief financial officer now directly owns 292,610 shares of the company’s stock, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 491,186 shares of company stock worth $82,353,709. Company insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW opened at $139.63 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The company’s 50-day moving average is $169.85 and its 200 day moving average is $152.00. The stock has a market capitalization of $46.09 billion, a P/E ratio of -41.19 and a beta of 1.13.

Snowflake Company 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.