Snowflake Inc. (NYSE:SNOW) Position Increased by Synergy Financial Group LTD

Synergy Financial Group LTD grew its position in Snowflake Inc. (NYSE:SNOW) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,528 shares of the company’s stock after buying an additional 703 shares during the quarter. Synergy Financial Group LTD’s holdings in Snowflake were worth $545,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Jennison Associates LLC boosted its position in Snowflake by 92.2% during the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares during the period. State Street Corp boosted its holdings in shares of Snowflake by 0.8% during the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock worth $788,755,000 after purchasing an additional 54,909 shares during the period. Geode Capital Management LLC grew its position in Snowflake by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after purchasing an additional 138,663 shares in the last quarter. Two Sigma Advisers LP increased its stake in Snowflake by 27.9% in the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after buying an additional 881,700 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after buying an additional 2,559,144 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 558 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the completion of the transaction, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 59,617 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $176.25, for a total value of $10,507,496.25. Following the transaction, the director now directly owns 208,735 shares in the company, valued at $36,789,543.75. This trade represents a 22.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 371,810 shares of company stock valued at $63,340,544 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup cut their price objective on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a report on Monday, November 18th. Oppenheimer raised their price target on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Bank of America boosted their price target on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Mizuho raised their price objective on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their target price on shares of Snowflake from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.43.

Snowflake Stock Performance

SNOW opened at $170.78 on Tuesday. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of -50.38 and a beta of 1.07. The business’s 50-day moving average price is $172.85 and its two-hundred day moving average price is $144.51. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66. 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 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.