Snowflake Inc. (NYSE:SNOW) Shares Purchased by Vantage Investment Partners LLC

Vantage Investment Partners LLC boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 106.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,186 shares of the company’s stock after acquiring an additional 21,201 shares during the quarter. Vantage Investment Partners LLC’s holdings in Snowflake were worth $6,360,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SNOW. Groupama Asset Managment purchased a new position in shares of Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in Snowflake during the 3rd quarter worth about $30,000. Fortitude Family Office LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at about $34,000. Perkins Coie Trust Co lifted its holdings in shares of 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 buying an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity

In related news, Director Frank Slootman sold 45,896 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the completion of the sale, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 504,151 shares of company stock valued at $84,973,139. 7.80% of the stock is currently owned by company insiders.

Snowflake Stock Performance

NYSE:SNOW opened at $175.55 on Tuesday. The company’s 50-day moving average is $166.79 and its two-hundred day moving average is $136.37. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $57.95 billion, a price-to-earnings ratio of -51.79 and a beta of 1.05.

Analysts Set New Price Targets

Several research analysts recently weighed in on SNOW shares. Bank of America lifted their price target on Snowflake from $160.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Royal Bank of Canada lifted their target price on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $200.00 in a report on Tuesday, January 7th. KeyCorp lifted their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Piper Sandler increased their target price on shares of Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have issued a buy rating and two have given 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 a consensus price target of $188.06.

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.