Nicholas Company Inc. Buys 77,565 Shares of Snowflake Inc. (NYSE:SNOW)

Nicholas Company Inc. increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 35.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 293,750 shares of the company’s stock after acquiring an additional 77,565 shares during the quarter. Nicholas Company Inc. owned about 0.09% of Snowflake worth $45,358,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. increased its stake in Snowflake by 4.4% in the 4th quarter. Harbour Investments Inc. now owns 4,189 shares of the company’s stock worth $647,000 after buying an additional 175 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Snowflake by 7.0% during the 4th quarter. Corient Private Wealth LLC now owns 17,891 shares of the company’s stock valued at $2,763,000 after purchasing an additional 1,165 shares during the last quarter. Centurion Wealth Management LLC lifted its holdings in shares of Snowflake by 6.9% during the 4th quarter. Centurion Wealth Management LLC now owns 2,036 shares of the company’s stock valued at $314,000 after purchasing an additional 132 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Snowflake by 11.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,255 shares of the company’s stock valued at $1,429,000 after acquiring an additional 949 shares during the period. Finally, Natixis Advisors LLC acquired a new position in shares of Snowflake in the 4th quarter valued at $1,837,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, Director Frank Slootman sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total transaction of $1,148,094.00. Following the completion of the transaction, the director now owns 196,454 shares in the company, valued at $33,593,634. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,391 shares of company stock valued at $50,053,371 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SNOW shares. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. KeyCorp raised their price target on shares of Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Truist Financial reaffirmed a “buy” rating and issued a $225.00 price target (up from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. Monness Crespi & Hardt raised their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.92.

Snowflake Trading Up 4.4 %

Shares of Snowflake stock opened at $156.41 on Friday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The stock’s 50-day simple moving average is $173.24 and its 200 day simple moving average is $148.09. The stock has a market capitalization of $51.63 billion, a P/E ratio of -46.14 and a beta of 1.07. 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 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.