Machina Capital S.A.S. Purchases Shares of 3,666 Snowflake Inc. (NYSE:SNOW)

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

Other institutional investors have also added to or reduced their stakes in the company. Groupama Asset Managment purchased a new position in Snowflake during the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC purchased a new position in Snowflake during the 4th quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC grew 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 buying an additional 144 shares in the last quarter. Perkins Coie Trust Co grew its holdings in Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Snowflake during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity

In other news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at approximately $7,303,489.20. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 1,712 shares of Snowflake stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total value of $306,448.00. Following the completion of the transaction, the director now owns 205,965 shares in the company, valued at $36,867,735. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,193 shares of company stock worth $50,096,313. 7.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 1.5 %

Shares of NYSE:SNOW opened at $158.54 on Friday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The business’s fifty day simple moving average is $173.79 and its 200-day simple moving average is $147.00. The company has a market capitalization of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SNOW shares. Oppenheimer raised their price target on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Bank of America raised their price objective on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Monness Crespi & Hardt raised their price objective on Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. UBS Group raised their price objective on Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $225.00 price objective (up from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock 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.