Fox Run Management L.L.C. Makes New Investment in Snowflake Inc. (NYSE:SNOW)

Fox Run Management L.L.C. purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,970 shares of the company’s stock, valued at approximately $459,000.

A number of other hedge funds have also recently made changes to their positions in the business. Groupama Asset Managment bought a new stake in Snowflake in the third quarter worth $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Snowflake in the fourth quarter worth about $29,000. Blue Bell Private Wealth Management LLC boosted its holdings in Snowflake by 189.5% during 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 during the period. Perkins Coie Trust Co grew its position in Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Snowflake in the 4th quarter worth approximately $38,000. 65.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 1,783 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now directly owns 192,511 shares of the company’s stock, valued at $28,345,319.64. This represents a 0.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,968 shares of company stock valued at $50,900,550. 7.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SNOW shares. Monness Crespi & Hardt raised their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. KeyCorp increased their target price on shares of Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their price target on Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald upped their price target on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $205.08.

Snowflake Trading Down 0.2 %

Shares of NYSE:SNOW opened at $162.86 on Wednesday. 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 Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The company has a market cap of $53.76 billion, a P/E ratio of -48.04 and a beta of 1.07. The stock’s fifty day moving average price is $172.75 and its 200-day moving average price is $150.63.

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.