Snowflake Inc. (NYSE:SNOW) Stock Holdings Raised by Once Capital Management LLC

Once Capital Management LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,900 shares of the company’s stock after buying an additional 8,500 shares during the quarter. Snowflake comprises approximately 2.5% of Once Capital Management LLC’s portfolio, making the stock its 9th biggest position. Once Capital Management LLC’s holdings in Snowflake were worth $11,874,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares of the company’s stock, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 861 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $165.31, for a total value of $142,331.91. Following the completion of the sale, the executive vice president now owns 582,930 shares in the company, valued at $96,364,158.30. This represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,391 shares of company stock worth $50,053,371 over the last quarter. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SNOW shares. Citigroup lifted their target price on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus boosted their price objective on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Evercore ISI upped their price objective on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald lifted their target price on Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Bank of America boosted their price target on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $202.92.

Snowflake Stock Up 1.8 %

Shares of SNOW opened at $152.59 on Thursday. The business’s 50 day moving average is $173.51 and its 200 day moving average is $147.59. 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. The company has a market capitalization of $50.37 billion, a PE ratio of -45.01 and a beta of 1.07.

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.