Doliver Advisors LP Grows Position in Snowflake Inc. (NYSE:SNOW)

Doliver Advisors LP raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 268.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,262 shares of the company’s stock after acquiring an additional 6,021 shares during the period. Doliver Advisors LP’s holdings in Snowflake were worth $1,276,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment bought a new stake in Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC bought a new stake in shares of Snowflake during the 3rd quarter worth $30,000. Fortitude Family Office LLC purchased a new position in shares of Snowflake in the 3rd quarter worth about $34,000. Larson Financial Group LLC grew its position in Snowflake by 81.3% during the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after buying an additional 152 shares during the period. Finally, Waldron Private Wealth LLC purchased a new stake in Snowflake during the third quarter worth about $40,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 30,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $120.00, for a total value of $3,600,000.00. Following the completion of the sale, the executive vice president now directly owns 721,755 shares of the company’s stock, valued at $86,610,600. The trade was a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Christopher William Degnan sold 76,692 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the transaction, the executive now directly owns 346,741 shares in the company, valued at $58,398,119.22. This trade represents a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 406,904 shares of company stock valued at $66,145,855 over the last quarter. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SNOW shares. Jefferies Financial Group increased their target price on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Argus initiated coverage on Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating for the company. StockNews.com cut Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Oppenheimer reissued an “outperform” rating and issued a $180.00 price objective on shares of Snowflake in a report on Thursday, November 21st. Finally, KeyCorp upped 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.69.

Snowflake Price Performance

Shares of SNOW traded up $0.49 during midday trading on Monday, reaching $162.71. The stock had a trading volume of 2,908,673 shares, compared to its average volume of 3,211,859. 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 company has a market capitalization of $53.71 billion, a price-to-earnings ratio of -48.00 and a beta of 1.05. The company’s 50-day moving average is $151.98 and its 200 day moving average is $132.75. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

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.