Snowflake Inc. (NYSE:SNOW) Holdings Increased by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in shares of Snowflake Inc. (NYSE:SNOW) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 446,248 shares of the company’s stock after purchasing an additional 3,242 shares during the quarter. Snowflake makes up approximately 0.7% of Gotham Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Gotham Asset Management LLC owned approximately 0.14% of Snowflake worth $68,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SNOW. Graham Capital Management L.P. grew its stake in Snowflake by 2.8% in the fourth quarter. Graham Capital Management L.P. now owns 20,566 shares of the company’s stock worth $3,176,000 after purchasing an additional 566 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Snowflake by 30.0% in the 4th quarter. Focus Partners Wealth now owns 99,085 shares of the company’s stock worth $15,417,000 after buying an additional 22,864 shares during the period. Ensign Peak Advisors Inc grew its position in shares of Snowflake by 16.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 132,560 shares of the company’s stock worth $20,469,000 after buying an additional 18,795 shares in the last quarter. Ethic Inc. increased its stake in shares of Snowflake by 17.7% during the fourth quarter. Ethic Inc. now owns 24,822 shares of the company’s stock valued at $3,833,000 after buying an additional 3,734 shares during the period. Finally, Circle Wealth Management LLC raised its holdings in shares of Snowflake by 48.6% in the fourth quarter. Circle Wealth Management LLC now owns 17,530 shares of the company’s stock valued at $2,707,000 after acquiring an additional 5,734 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the transaction, the director now owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $47,756,878.10. The trade was 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 have sold 356,963 shares of company stock worth $58,204,058. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Barclays lifted their price objective on shares of Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Monness Crespi & Hardt upped their target price on Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC lifted their price target on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group reduced their price target on Snowflake from $220.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.28.

Snowflake Stock Up 0.1 %

Snowflake stock opened at $174.14 on Friday. The business’s 50-day moving average price is $153.28 and its 200 day moving average price is $158.77. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $57.48 billion, a price-to-earnings ratio of -51.37 and a beta of 1.11. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40.

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.