Sender Co & Partners Inc. Purchases 4,280 Shares of Snowflake Inc. (NYSE:SNOW)

Sender Co & Partners Inc. increased its holdings in Snowflake Inc. (NYSE:SNOW) by 100.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,522 shares of the company’s stock after purchasing an additional 4,280 shares during the quarter. Snowflake makes up approximately 1.2% of Sender Co & Partners Inc.’s holdings, making the stock its 20th largest holding. Sender Co & Partners Inc.’s holdings in Snowflake were worth $979,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNOW. State Street Corp boosted its stake in shares of Snowflake by 0.8% during the 3rd quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after purchasing an additional 54,909 shares in the last quarter. Two Sigma Advisers LP boosted its position in Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after acquiring an additional 881,700 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the period. Legal & General Group Plc raised its position in shares of Snowflake by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock worth $293,838,000 after acquiring an additional 223,936 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Snowflake by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,935,779 shares of the company’s stock valued at $222,344,000 after purchasing an additional 51,366 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $180.74 on Tuesday. The firm’s 50 day moving average price is $132.90 and its 200-day moving average price is $128.86. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $59.66 billion, a PE ratio of -53.32 and a beta of 1.03. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SNOW shares. Barclays upped their price target on Snowflake from $172.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday. DA Davidson reiterated a “buy” rating and issued a $175.00 price target on shares of Snowflake in a research note on Thursday, October 3rd. Bank of America boosted their price objective on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Loop Capital decreased their target price on shares of Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Finally, Citigroup dropped their price target on Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a research report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $183.89.

Insiders Place Their Bets

In related news, CAO Emily Ho sold 2,021 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the sale, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This represents a 6.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,114 shares of company stock worth $47,587,279. Company insiders own 7.80% of the company’s stock.

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.