Susquehanna Fundamental Investments LLC Invests $27.05 Million in Snowflake Inc. (NYSE:SNOW)

Susquehanna Fundamental Investments LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, HoldingsChannel reports. The firm purchased 175,175 shares of the company’s stock, valued at approximately $27,049,000.

Other hedge funds have also added to or reduced their stakes in the company. Asset Dedication LLC grew its holdings 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 buying an additional 59 shares in the last quarter. Breakwater Capital Group grew its position in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Snowflake by 3.3% during the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock worth $317,000 after purchasing an additional 65 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position 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 buying an additional 69 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Snowflake by 21.8% in the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on SNOW shares. Mizuho increased their target price on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Macquarie initiated coverage on shares of Snowflake in a research report on Wednesday, April 2nd. They set a “neutral” rating and a $160.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Oppenheimer raised their target price on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $183.00 price target on shares of Snowflake in a report on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.27.

Insider Buying and Selling

In other news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now directly owns 308,164 shares of the company’s stock, valued at $56,045,786.68. This represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now directly owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 364,342 shares of company stock valued at $59,978,513 over the last ninety days. 7.80% of the stock is owned by corporate insiders.

Snowflake Price Performance

Snowflake stock opened at $158.26 on Friday. The stock’s 50 day moving average price is $154.91 and its two-hundred day moving average price is $155.59. The stock has a market capitalization of $52.24 billion, a price-to-earnings ratio of -46.68 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40.

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.