B & T Capital Management DBA Alpha Capital Management Increases Stake in Snowflake Inc. (NYSE:SNOW)

B & T Capital Management DBA Alpha Capital Management increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,255 shares of the company’s stock after purchasing an additional 953 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Snowflake were worth $5,752,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SNOW. Toronto Dominion Bank increased its stake in Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after purchasing an additional 7,239 shares during the period. Independent Advisor Alliance grew its holdings in shares of Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after purchasing an additional 548 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Snowflake by 1.4% in the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock worth $66,086,000 after purchasing an additional 7,373 shares during the last quarter. Diversified Trust Co increased its stake in Snowflake by 174.8% in the 4th quarter. Diversified Trust Co now owns 4,906 shares of the company’s stock worth $758,000 after buying an additional 3,121 shares during the period. Finally, Kraematon Investment Advisors Inc. bought a new stake in Snowflake during the 4th quarter valued at about $240,000. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CRO Christopher William Degnan sold 76,692 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the transaction, the executive now directly owns 346,741 shares in the company, valued at $58,398,119.22. The trade was a 18.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the sale, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock valued at $62,545,855 over the last 90 days. Insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

SNOW opened at $170.89 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The firm has a 50 day moving average of $161.11 and a two-hundred day moving average of $135.02. The firm has a market capitalization of $56.41 billion, a PE ratio of -50.41 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SNOW. Piper Sandler upped their target price on shares of Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Truist Financial reissued a “buy” rating and issued a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. JMP Securities reaffirmed a “market outperform” rating and set a $190.00 target price on shares of Snowflake in a research report on Tuesday, December 3rd. StockNews.com downgraded Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Mizuho lifted their price objective on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $188.06.

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.