Sei Investments Co. Purchases 273,727 Shares of Snowflake Inc. (NYSE:SNOW)

Sei Investments Co. boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 207.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,822 shares of the company’s stock after acquiring an additional 273,727 shares during the quarter. Sei Investments Co. owned 0.12% of Snowflake worth $62,662,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SNOW. Groupama Asset Managment acquired a new stake in Snowflake in the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC bought a new stake in Snowflake in the fourth quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 144 shares during the last quarter. Perkins Coie Trust Co boosted its stake in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity

In related news, EVP Christian Kleinerman sold 3,765 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total value of $586,172.85. Following the sale, the executive vice president now owns 616,602 shares of the company’s stock, valued at $95,998,765.38. The trade was a 0.61 % 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, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,568 shares of company stock worth $49,923,480. Insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $157.94 on Monday. The firm has a 50 day simple moving average of $172.74 and a 200 day simple moving average of $149.89. The company has a market cap of $52.14 billion, a price-to-earnings ratio of -46.59 and a beta of 1.07. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Scotiabank raised their price target on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Citigroup raised their target price on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Wells Fargo & Company upped their price target on shares of Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Canaccord Genuity Group increased their price target on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Nine investment 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.