Hel Ved Capital Management Ltd Buys 4,165 Shares of Snowflake Inc. (NYSE:SNOW)

Hel Ved Capital Management Ltd lifted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 109.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,965 shares of the company’s stock after acquiring an additional 4,165 shares during the period. Hel Ved Capital Management Ltd’s holdings in Snowflake were worth $1,230,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Asset Dedication LLC raised its stake in Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after buying an additional 59 shares during the period. Breakwater Capital Group raised its position in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after purchasing an additional 69 shares in the last quarter. Larson Financial Group LLC grew its position in Snowflake by 21.8% in the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after purchasing an additional 74 shares during the period. Finally, Landscape Capital Management L.L.C. increased its stake in Snowflake by 3.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company’s stock valued at $406,000 after purchasing an additional 77 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SNOW shares. KeyCorp lifted their price objective on shares of Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Macquarie started coverage on Snowflake in a research note on Wednesday. They set a “neutral” rating and a $160.00 price target for the company. Piper Sandler increased their price objective on Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Canaccord Genuity Group lifted their target price on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, BTIG Research raised Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of the 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 $100,859.40. Following the sale, the executive vice president now directly owns 622,611 shares in the company, valued at $91,673,243.64. This represents a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 1,783 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the completion of the transaction, the director now directly owns 192,511 shares of the company’s stock, valued at approximately $28,345,319.64. The trade was a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 491,186 shares of company stock worth $82,353,709 in the last quarter. 7.80% of the stock is owned by company insiders.

Snowflake Price Performance

Shares of NYSE SNOW opened at $130.41 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a market cap of $43.05 billion, a PE ratio of -38.47 and a beta of 1.13. The stock has a fifty day moving average of $168.97 and a 200-day moving average of $152.12.

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.