Knights of Columbus Asset Advisors LLC Acquires Shares of 5,247 Snowflake Inc. (NYSE:SNOW)

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,247 shares of the company’s stock, valued at approximately $810,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its holdings in Snowflake by 207.2% during the fourth quarter. Sei Investments Co. now owns 405,822 shares of the company’s stock valued at $62,662,000 after purchasing an additional 273,727 shares during the period. Vestor Capital LLC bought a new position in shares of Snowflake in the fourth quarter worth $13,319,000. Virtu Financial LLC bought a new position in shares of Snowflake in the fourth quarter worth $5,755,000. ZEGA Investments LLC bought a new position in shares of Snowflake in the fourth quarter worth $531,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Snowflake by 32.6% in the fourth quarter. TD Private Client Wealth LLC now owns 764 shares of the company’s stock worth $118,000 after acquiring an additional 188 shares during the period. 65.10% of the stock is owned by institutional investors.

Snowflake Stock Up 0.5 %

SNOW opened at $157.94 on Friday. The company has a market cap of $52.14 billion, a P/E ratio of -46.59 and a beta of 1.07. The business’s 50-day moving average price is $172.74 and its 200-day moving average price is $149.61. 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNOW. Evercore ISI raised their price target on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Bank of America raised their price target on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a report on Tuesday, December 3rd. Wedbush set a $210.00 price objective on Snowflake in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their price objective on Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $205.08.

Insider Transactions at Snowflake

In related news, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the sale, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at $7,303,489.20. This trade represents a 3.26 % 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, EVP Christian Kleinerman sold 861 shares of the firm’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 directly owns 582,930 shares in the company, valued at $96,364,158.30. The trade was a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,429 shares of company stock worth $50,065,812. Company insiders own 7.80% of the company’s stock.

About Snowflake

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.