Whipplewood Advisors LLC Takes $48,000 Position in Snowflake Inc. (NYSE:SNOW)

Whipplewood Advisors LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 312 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNOW. Jennison Associates LLC raised its stake in Snowflake by 92.2% during the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares in the last quarter. Two Sigma Advisers LP raised its stake in Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Snowflake by 165.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock worth $61,439,000 after acquiring an additional 333,500 shares in the last quarter. Finally, General Catalyst Group Management LLC acquired a new stake in Snowflake during the 4th quarter worth $40,931,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Performance

Shares of SNOW opened at $176.76 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $58.35 billion, a P/E ratio of -52.14 and a beta of 1.07. The company has a 50-day moving average of $173.19 and a two-hundred day moving average of $145.51. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Thursday. Rosenblatt Securities lifted their price objective on shares of Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen lifted their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Oppenheimer lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Mizuho lifted their price objective on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $202.92.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 312,193 shares of company stock worth $52,833,048. Insiders own 7.80% of the company’s stock.

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.