2,970 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,970 shares of the company’s stock, valued at approximately $459,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC lifted its holdings in shares of Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after purchasing an additional 59 shares in the last quarter. Breakwater Capital Group raised its holdings in Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after buying an additional 62 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock valued at $2,077,000 after buying an additional 69 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after buying an additional 74 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 685 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $100,859.40. Following the sale, the executive vice president now directly owns 622,611 shares of the company’s stock, valued at $91,673,243.64. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction that occurred on 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 sale, the director now owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,968 shares of company stock worth $50,900,550. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $162.86 on Wednesday. The company’s 50 day simple moving average is $172.75 and its two-hundred day simple moving average is $150.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The stock has a market capitalization of $53.76 billion, a PE ratio of -48.04 and a beta of 1.07.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Rosenblatt Securities lifted their price target on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group lifted their target price on Snowflake from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 21st. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Evercore ISI lifted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald increased their target price on shares of Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.08.

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.