Snowflake Inc. (NYSE:SNOW) Stock Position Raised by O Shaughnessy Asset Management LLC

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

Several other hedge funds have also modified their holdings of the stock. Stonebridge Financial Group LLC acquired a new stake in Snowflake during the 4th quarter worth about $29,000. Groupama Asset Managment acquired a new stake in shares of Snowflake during the third quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC lifted its position 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 valued at $34,000 after acquiring an additional 144 shares in the last quarter. 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. Finally, Geneos Wealth Management Inc. grew its position in Snowflake by 1,437.5% during 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 in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 1,783 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the sale, the director now directly owns 192,511 shares of the company’s stock, valued at approximately $28,345,319.64. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 292,610 shares of the company’s stock, valued at $47,756,878.10. This trade represents a 50.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 491,186 shares of company stock valued at $82,353,709. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SNOW shares. Daiwa Capital Markets assumed coverage on Snowflake in a research report on Tuesday. They issued a “buy” rating and a $210.00 target price for the company. Wells Fargo & Company lifted their target price on Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Macquarie started coverage on shares of Snowflake in a research note on Wednesday. They issued a “neutral” rating and a $160.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Snowflake Stock Performance

NYSE:SNOW opened at $130.41 on Friday. The firm has a market capitalization of $43.05 billion, a PE 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. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The firm has a 50-day moving average price of $168.97 and a 200 day moving average price of $152.12.

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.