Quadrant Capital Group LLC Has $33,000 Position in Snowflake Inc. (NYSE:SNOW)

Quadrant Capital Group LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 74.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 213 shares of the company’s stock after purchasing an additional 91 shares during the period. Quadrant Capital Group LLC’s holdings in Snowflake were worth $33,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in Snowflake during the 4th quarter worth $29,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 144 shares in the last quarter. Perkins Coie Trust Co increased its stake in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake during the fourth quarter worth approximately $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SNOW. Canaccord Genuity Group raised their price target on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Macquarie initiated coverage on shares of Snowflake in a report on Wednesday, April 2nd. They set a “neutral” rating and a $160.00 price objective for the company. Citigroup boosted their target price on Snowflake from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. UBS Group boosted their price target on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Finally, Bank of America increased their price objective on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Ten analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.84.

Insider Activity at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, April 4th. The shares were 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 directly owns 26,375 shares in the company, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at $34,418,276.25. This represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 491,589 shares of company stock worth $82,405,796 in the last 90 days. Company insiders own 7.80% of the company’s stock.

Snowflake Price Performance

SNOW stock opened at $144.84 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $163.16 and its two-hundred day moving average price is $153.53. The stock has a market capitalization of $47.81 billion, a price-to-earnings ratio of -42.72 and a beta of 1.13. Snowflake Inc. has a 12-month low of $107.13 and a 12-month 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.