Vestor Capital LLC Invests $13.32 Million in Snowflake Inc. (NYSE:SNOW)

Vestor Capital LLC acquired a new position in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 86,259 shares of the company’s stock, valued at approximately $13,319,000. Snowflake comprises approximately 1.0% of Vestor Capital LLC’s holdings, making the stock its 25th biggest holding.

A number of other large investors have also recently made changes to their positions in the business. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $29,000. Groupama Asset Managment purchased a new stake in Snowflake in the third quarter worth $25,000. Blue Bell Private Wealth Management LLC grew its stake in Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 144 shares during the period. Perkins Coie Trust Co grew its stake in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after purchasing an additional 230 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Up 0.5 %

SNOW stock opened at $157.94 on Friday. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The business’s 50-day moving average is $172.74 and its two-hundred day moving average is $149.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $52.14 billion, a price-to-earnings ratio of -46.59 and a beta of 1.07.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SNOW shares. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Thursday, February 27th. KeyCorp boosted their target price on Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a report on Tuesday, February 18th. Finally, Citigroup boosted their target price on Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Nine equities research analysts have rated the stock with 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.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $205.08.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 861 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $165.31, for a total value of $142,331.91. Following the completion of the sale, the executive vice president now owns 582,930 shares in the company, valued at $96,364,158.30. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the sale, the executive now owns 308,164 shares of the company’s stock, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 298,429 shares of company stock worth $50,065,812 over the last quarter. 7.80% of the stock is currently owned by corporate insiders.

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.