Bokf Na Acquires 1,225 Shares of Snowflake Inc. (NYSE:SNOW)

Bokf Na grew its holdings in Snowflake Inc. (NYSE:SNOW) by 1,725.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,296 shares of the company’s stock after purchasing an additional 1,225 shares during the quarter. Bokf Na’s holdings in Snowflake were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jennison Associates LLC boosted its position in shares of Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after buying an additional 3,662,671 shares during the period. Norges Bank bought a new stake in Snowflake in the 4th quarter valued at approximately $988,950,000. FMR LLC boosted its position in Snowflake by 84.9% during the 4th quarter. FMR LLC now owns 6,108,123 shares of the company’s stock worth $943,155,000 after acquiring an additional 2,805,425 shares during the last quarter. GQG Partners LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $750,572,000. Finally, Geode Capital Management LLC raised its holdings in shares of Snowflake by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company’s stock valued at $642,742,000 after purchasing an additional 15,314 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the completion of the sale, the executive vice president now directly owns 594,975 shares in the company, valued at $102,186,956.25. This represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Scarpelli sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. This trade represents a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 356,963 shares of company stock valued at $58,204,058. Company insiders own 7.80% of the company’s stock.

Snowflake Trading Up 0.1 %

SNOW opened at $174.14 on Friday. The stock has a market capitalization of $57.48 billion, a price-to-earnings ratio of -51.37 and a beta of 1.11. 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 twelve month low of $107.13 and a twelve month high of $194.40. The company has a 50-day simple moving average of $153.28 and a 200 day simple moving average of $159.08.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Oppenheimer lifted their target price on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. Jefferies Financial Group lowered their price target on Snowflake from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $200.28.

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.