EPIQ Capital Group LLC Acquires 216 Shares of Snowflake Inc. (NYSE:SNOW)

EPIQ Capital Group LLC raised its stake in Snowflake Inc. (NYSE:SNOW) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,927 shares of the company’s stock after buying an additional 216 shares during the quarter. EPIQ Capital Group LLC’s holdings in Snowflake were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SNOW. Asset Dedication LLC lifted its position in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after acquiring an additional 59 shares in the last quarter. Breakwater Capital Group raised its stake in shares of Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after purchasing an additional 62 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock valued at $2,077,000 after purchasing an additional 69 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock worth $64,000 after buying an additional 74 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total value of $2,324,662.34. Following the sale, the executive now directly owns 308,164 shares in the company, valued at approximately $56,045,786.68. This trade represents a 3.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,193 shares of company stock valued at $50,096,313. 7.80% of the stock is currently owned by insiders.

Snowflake Stock Performance

NYSE:SNOW opened at $158.54 on Monday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. 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’s 50-day simple moving average is $173.79 and its 200 day simple moving average is $147.09. The firm has a market capitalization of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNOW. Rosenblatt Securities upped their price target on Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Oppenheimer increased their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. KeyCorp raised their target price on shares of Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. JMP Securities reissued a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Finally, Cantor Fitzgerald raised their price objective on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.