B & T Capital Management DBA Alpha Capital Management Increases Holdings in Snowflake Inc. (NYSE:SNOW)

B & T Capital Management DBA Alpha Capital Management raised its stake in Snowflake Inc. (NYSE:SNOW) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,255 shares of the company’s stock after acquiring an additional 953 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Snowflake were worth $5,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SNOW. Dimensional Fund Advisors LP increased its stake in Snowflake by 26.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock valued at $36,332,000 after purchasing an additional 56,027 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Snowflake by 3.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,865 shares of the company’s stock valued at $792,000 after acquiring an additional 180 shares in the last quarter. Amalgamated Bank raised its holdings in Snowflake by 1.1% in the 2nd quarter. Amalgamated Bank now owns 21,368 shares of the company’s stock worth $2,887,000 after acquiring an additional 241 shares during the last quarter. Blair William & Co. IL lifted its position in Snowflake by 2.3% in the 2nd quarter. Blair William & Co. IL now owns 39,095 shares of the company’s stock valued at $5,281,000 after acquiring an additional 889 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in Snowflake by 2.8% during the 2nd quarter. Intech Investment Management LLC now owns 18,922 shares of the company’s stock valued at $2,556,000 after purchasing an additional 522 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNOW has been the subject of several recent analyst reports. Loop Capital boosted their price target on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Truist Financial restated a “buy” rating and set a $210.00 target price on shares of Snowflake in a research note on Thursday, November 21st. Cantor Fitzgerald assumed coverage on shares of Snowflake in a research note on Friday. They issued an “overweight” rating and a $201.00 price target for the company. DA Davidson restated a “buy” rating and set a $175.00 price objective on shares of Snowflake in a research report on Thursday, October 3rd. Finally, Scotiabank lifted their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Trading Up 1.9 %

Shares of SNOW stock opened at $170.89 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $56.41 billion, a price-to-earnings ratio of -50.41 and a beta of 1.05. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The stock’s 50-day moving average price is $161.11 and its 200-day moving average price is $135.02.

Insider Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the transaction, the executive now owns 311,999 shares in the company, valued at $49,058,722.76. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the sale, the chief accounting officer now owns 26,874 shares in the company, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 376,904 shares of company stock worth $62,545,855 in the last quarter. 7.80% of the stock is owned by corporate insiders.

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.