bLong Financial LLC Takes Position in Snowflake Inc. (NYSE:SNOW)

bLong Financial LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,184 shares of the company’s stock, valued at approximately $337,000.

Several other large investors have also made changes to their positions in SNOW. Inspire Investing LLC grew its stake in shares of Snowflake by 27.3% in the 3rd quarter. Inspire Investing LLC now owns 2,474 shares of the company’s stock valued at $284,000 after buying an additional 530 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Snowflake by 2,182.3% in the 3rd quarter. NBC Securities Inc. now owns 2,191 shares of the company’s stock valued at $251,000 after buying an additional 2,095 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Snowflake by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,516 shares of the company’s stock valued at $6,377,000 after buying an additional 1,309 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at approximately $30,000. Finally, Stonegate Investment Group LLC boosted its position in Snowflake by 6.8% during the third quarter. Stonegate Investment Group LLC now owns 9,564 shares of the company’s stock worth $1,099,000 after purchasing an additional 610 shares during the period. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent analyst reports. Mizuho upped their target price on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday. Evercore ISI upped their target price on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group upped their target price on Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Barclays raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.63.

Insider Transactions at Snowflake

In other news, CRO Christopher William Degnan sold 76,692 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the sale, the executive now owns 346,741 shares in the company, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the sale, the director now owns 208,735 shares in the company, valued at $36,749,884.10. The trade was a 18.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 516,933 shares of company stock worth $88,283,752. Insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Snowflake stock opened at $187.86 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 stock has a fifty day moving average price of $171.51 and a two-hundred day moving average price of $141.67. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $236.33.

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.