Knights of Columbus Asset Advisors LLC Makes New $810,000 Investment in Snowflake Inc. (NYSE:SNOW)

Knights of Columbus Asset Advisors LLC bought a new position in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,247 shares of the company’s stock, valued at approximately $810,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SNOW. Empowered Funds LLC increased its holdings in Snowflake by 8.8% in the 3rd quarter. Empowered Funds LLC now owns 6,013 shares of the company’s stock worth $691,000 after purchasing an additional 487 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Snowflake in the 3rd quarter valued at about $1,292,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Snowflake by 126.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,372 shares of the company’s stock valued at $2,570,000 after buying an additional 12,492 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Snowflake in the 3rd quarter valued at about $293,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Snowflake in the 3rd quarter valued at about $11,252,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of Snowflake stock opened at $157.94 on Friday. The company has a market cap of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The business has a 50 day moving average price of $172.74 and a 200-day moving average price of $149.61. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analysts Set New Price Targets

A number of research firms have commented on SNOW. Evercore ISI upped their price target on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Bank of America upped their price target on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Loop Capital upped their price target on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Cantor Fitzgerald upped their price target on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Wolfe Research upgraded Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 685 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $100,859.40. Following the completion of the sale, the executive vice president now directly owns 622,611 shares of the company’s stock, valued at approximately $91,673,243.64. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Emily Ho sold 1,508 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the sale, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at $7,303,489.20. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 298,429 shares of company stock valued at $50,065,812 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.