Snowflake Inc. (NYSE:SNOW) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,228 shares of the company’s stock after purchasing an additional 344 shares during the quarter. Benjamin Edwards Inc.’s holdings in Snowflake were worth $344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SNOW. BNP Paribas grew its stake in Snowflake by 670.2% during the 4th quarter. BNP Paribas now owns 6,316 shares of the company’s stock worth $975,000 after buying an additional 5,496 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Snowflake in the 4th quarter worth about $448,000. AXA S.A. lifted its position in Snowflake by 15.6% in the 4th quarter. AXA S.A. now owns 253,268 shares of the company’s stock valued at $39,107,000 after purchasing an additional 34,098 shares during the last quarter. AlTi Global Inc. boosted its stake in Snowflake by 0.9% during the 4th quarter. AlTi Global Inc. now owns 23,579 shares of the company’s stock valued at $3,641,000 after purchasing an additional 207 shares during the period. Finally, Meiji Yasuda Life Insurance Co grew its position in Snowflake by 12.4% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 7,965 shares of the company’s stock worth $1,230,000 after purchasing an additional 880 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $174.14 on Friday. 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 one year low of $107.13 and a one year high of $194.40. The business’s 50-day moving average price is $153.28 and its two-hundred day moving average price is $159.08. The company has a market capitalization of $57.48 billion, a P/E ratio of -51.37 and a beta of 1.11.

Wall Street Analyst Weigh In

SNOW has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Snowflake from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities increased their price target on Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. UBS Group raised their target price on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Monness Crespi & Hardt upped their target price on Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Mizuho boosted their price objective on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.28.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the transaction, the executive vice president now directly owns 594,975 shares of the company’s stock, valued at $102,186,956.25. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 7,016 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total value of $1,092,321.04. Following the completion of the transaction, the director now directly owns 182,999 shares in the company, valued at $28,491,114.31. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 356,963 shares of company stock worth $58,204,058 in the last three months. 7.80% of the stock is owned by insiders.

Snowflake 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.