1,718 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Platform Technology Partners

Platform Technology Partners purchased a new position in shares of Snowflake Inc. (NYSE:SNOWFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,718 shares of the company’s stock, valued at approximately $342,000.

Several other large investors have also recently added to or reduced their stakes in SNOW. Vanguard Group Inc. increased its holdings in Snowflake by 4.0% in the third quarter. Vanguard Group Inc. now owns 19,428,890 shares of the company’s stock valued at $2,968,152,000 after buying an additional 743,211 shares in the last quarter. FMR LLC increased its holdings in Snowflake by 32.1% in the third quarter. FMR LLC now owns 6,154,085 shares of the company’s stock valued at $940,160,000 after buying an additional 1,496,235 shares in the last quarter. Sands Capital Management LLC increased its holdings in Snowflake by 12.6% in the fourth quarter. Sands Capital Management LLC now owns 5,443,406 shares of the company’s stock valued at $1,083,238,000 after buying an additional 610,970 shares in the last quarter. Norges Bank purchased a new position in Snowflake in the fourth quarter valued at about $838,455,000. Finally, Northern Trust Corp increased its holdings in Snowflake by 5.4% in the third quarter. Northern Trust Corp now owns 1,882,281 shares of the company’s stock valued at $287,556,000 after buying an additional 95,814 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $137.14, for a total value of $2,057,100.00. Following the sale, the executive vice president now directly owns 757,597 shares in the company, valued at approximately $103,896,852.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Emily Ho sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $158.36, for a total transaction of $1,029,340.00. Following the sale, the chief accounting officer now owns 36,076 shares in the company, valued at $5,712,995.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $137.14, for a total transaction of $2,057,100.00. Following the sale, the executive vice president now owns 757,597 shares in the company, valued at approximately $103,896,852.58. The disclosure for this sale can be found here. Insiders have sold 83,880 shares of company stock worth $12,890,065 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on SNOW. StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. JMP Securities reiterated a “market outperform” rating and issued a $235.00 price target on shares of Snowflake in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Snowflake from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Monness Crespi & Hardt upgraded shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Finally, Sanford C. Bernstein raised their target price on shares of Snowflake from $171.00 to $185.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.92.

Read Our Latest Research Report on SNOW

Snowflake Stock Down 0.6 %

Shares of NYSE SNOW traded down $0.83 during midday trading on Friday, reaching $131.21. The company’s stock had a trading volume of 4,355,403 shares, compared to its average volume of 6,815,774. The company has a 50 day moving average price of $153.23 and a 200 day moving average price of $178.72. Snowflake Inc. has a one year low of $128.41 and a one year high of $237.72.

Snowflake Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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