Susquehanna Fundamental Investments LLC Takes $27.05 Million Position in Snowflake Inc. (NYSE:SNOW)

Susquehanna Fundamental Investments LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 175,175 shares of the company’s stock, valued at approximately $27,049,000. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Snowflake as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SNOW. Arkos Global Advisors bought a new stake in shares of Snowflake in the 4th quarter valued at approximately $209,000. Monolith Management Ltd bought a new position in Snowflake in the 4th quarter worth about $5,868,000. Empire Financial Management Company LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $667,000. Voya Investment Management LLC raised its holdings in shares of Snowflake by 157.0% during the fourth quarter. Voya Investment Management LLC now owns 925,817 shares of the company’s stock valued at $142,955,000 after buying an additional 565,561 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Snowflake by 32.2% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 32,815 shares of the company’s stock worth $5,094,000 after buying an additional 8,002 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Snowflake stock opened at $158.26 on Friday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The stock has a 50-day simple moving average of $154.91 and a 200 day simple moving average of $155.59. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $52.24 billion, a price-to-earnings ratio of -46.68 and a beta of 1.13.

Insider Transactions at Snowflake

In other news, CFO Michael Scarpelli sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the transaction, the chief financial officer now owns 292,610 shares in the company, valued at $47,756,878.10. This trade represents a 50.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the transaction, the director now owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 364,342 shares of company stock worth $59,978,513. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Snowflake from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Wedbush set a $210.00 price objective on shares of Snowflake in a research note on Wednesday, January 22nd. Mizuho increased their price target on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Barclays upped their price objective on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.27.

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.