Hel Ved Capital Management Ltd Has $1.23 Million Stock Position in Snowflake Inc. (NYSE:SNOW)

Hel Ved Capital Management Ltd raised its stake in Snowflake Inc. (NYSE:SNOW) by 109.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,965 shares of the company’s stock after acquiring an additional 4,165 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Snowflake were worth $1,230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Groupama Asset Managment bought a new position in shares of Snowflake during the third quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new position in Snowflake in the 4th quarter valued at $29,000. Blue Bell Private Wealth Management LLC increased its position in Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after buying an additional 144 shares during the period. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Snowflake in the fourth quarter valued at about $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Michael Scarpelli sold 300,000 shares of Snowflake 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 directly owns 292,610 shares of the company’s stock, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’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 sale, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 491,186 shares of company stock valued at $82,353,709 over the last ninety days. 7.80% of the stock is owned by company insiders.

Snowflake Trading Down 6.8 %

NYSE SNOW opened at $130.41 on Friday. The firm has a market capitalization of $43.05 billion, a PE ratio of -38.47 and a beta of 1.13. The business’s 50-day moving average price is $168.97 and its two-hundred day moving average price is $152.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SNOW. Canaccord Genuity Group raised their price target on shares of Snowflake from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Daiwa America upgraded shares of Snowflake to a “strong-buy” rating in a research report on Tuesday. Rosenblatt Securities boosted 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. Stifel Nicolaus raised their price objective on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Oppenheimer upped their target price on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Ten equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.05.

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.