Global Retirement Partners LLC Has $351,000 Position in Snowflake Inc. (NYSE:SNOW)

Global Retirement Partners LLC lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 86.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,270 shares of the company’s stock after buying an additional 1,053 shares during the period. Global Retirement Partners LLC’s holdings in Snowflake were worth $351,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC boosted its position in Snowflake by 92.2% during the fourth 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. Ontario Teachers Pension Plan Board raised its stake in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after purchasing an additional 2,559,144 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Snowflake by 27.9% in the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after buying an additional 881,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Snowflake by 165.6% in the third 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 in the last quarter. Finally, General Catalyst Group Management LLC acquired a new position in Snowflake during the fourth quarter worth $40,931,000. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price target on shares of Snowflake in a research note on Tuesday, November 19th. Bank of America raised their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Piper Sandler boosted their price target on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Oppenheimer raised their price objective on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, Evercore ISI lifted their target price on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.43.

Insider Transactions at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total value of $2,324,662.34. Following the sale, the executive now owns 308,164 shares in the company, valued at $56,045,786.68. This trade represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,810 shares of company stock valued at $63,340,544. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Down 4.0 %

Shares of SNOW opened at $170.78 on Tuesday. The firm has a 50 day simple moving average of $172.85 and a two-hundred day simple moving average of $144.51. The company has a market cap of $56.38 billion, a P/E ratio of -50.38 and a beta of 1.07. Snowflake Inc. has a one year low of $107.13 and a one year high of $235.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

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.