Schroder Investment Management Group Purchases 277,669 Shares of Snowflake Inc. (NYSE:SNOW)

Schroder Investment Management Group lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 114.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 519,858 shares of the company’s stock after purchasing an additional 277,669 shares during the period. Schroder Investment Management Group’s holdings in Snowflake were worth $80,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in Snowflake during the 4th quarter worth approximately $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the third quarter worth $25,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 144 shares during the period. Perkins Coie Trust Co grew its stake in shares of Snowflake by 136.3% in the fourth 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 last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the sale, the executive now owns 311,999 shares of the company’s stock, valued at $49,058,722.76. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,968 shares of company stock valued at $84,363,550 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Down 4.1 %

Shares of SNOW stock opened at $150.60 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $49.71 billion, a price-to-earnings ratio of -44.42 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 company has a 50-day simple moving average of $171.99 and a two-hundred day simple moving average of $151.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. 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. Bank of America upped their target price on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Guggenheim restated a “neutral” rating on shares of Snowflake in a report on Thursday, February 27th. Evercore ISI upped their price objective on shares of Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Barclays lifted their target price on shares of Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $205.08.

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.