3,666 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 3,666 shares of the company’s stock, valued at approximately $566,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNOW. Groupama Asset Managment purchased a new position in Snowflake during the 3rd quarter worth $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake during the 4th quarter worth about $29,000. Blue Bell Private Wealth Management LLC lifted its position in Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 144 shares during the period. Perkins Coie Trust Co lifted 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 period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Snowflake during the 4th quarter worth about $38,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00. Following the completion of the sale, the executive vice president now owns 594,975 shares of the company’s stock, valued at approximately $102,186,956.25. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 100,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the sale, the director now directly owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. This represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,193 shares of company stock valued at $50,096,313 over the last quarter. 7.80% of the stock is currently owned by insiders.

Snowflake Price Performance

Shares of Snowflake stock opened at $158.54 on Friday. The business has a 50 day simple moving average of $173.79 and a two-hundred day simple moving average of $147.00. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The stock has a market capitalization of $52.33 billion, a P/E ratio of -46.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Analyst Ratings Changes

SNOW has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays lifted their price target on Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. Mizuho lifted their price target on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $202.92.

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.