AssuredPartners Investment Advisors LLC Buys Shares of 1,535 Snowflake Inc. (NYSE:SNOW)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,535 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNOW. GQG Partners LLC purchased a new position in Snowflake in the fourth quarter worth approximately $750,572,000. Jennison Associates LLC lifted its stake in shares of Snowflake by 92.2% in the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after purchasing an additional 3,662,671 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after purchasing an additional 881,700 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Snowflake during the 4th quarter worth about $124,433,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Snowflake by 165.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock valued at $61,439,000 after buying an additional 333,500 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Down 4.1 %

SNOW opened at $150.60 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The business’s 50 day moving average is $171.99 and its two-hundred day moving average is $151.02. The firm has a market cap of $49.71 billion, a price-to-earnings ratio of -44.42 and a beta of 1.07.

Insider Transactions at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares of the company’s stock, valued at $47,756,878.10. This represents a 50.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 1,783 shares of Snowflake stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the transaction, the director now owns 192,511 shares in the company, valued at $28,345,319.64. This trade represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 603,968 shares of company stock worth $99,863,550. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Cantor Fitzgerald lifted their target price on shares of Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Citigroup raised their price objective on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Rosenblatt Securities upped their target price on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Nine investment 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 company. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

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.