Fulton Bank N.A. Invests $216,000 in Snowflake Inc. (NYSE:SNOW)

Fulton Bank N.A. acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,400 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in Snowflake by 174.8% in the fourth quarter. Diversified Trust Co now owns 4,906 shares of the company’s stock valued at $758,000 after purchasing an additional 3,121 shares during the last quarter. Doliver Advisors LP lifted its stake in Snowflake by 268.7% in the 4th quarter. Doliver Advisors LP now owns 8,262 shares of the company’s stock valued at $1,276,000 after buying an additional 6,021 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Snowflake by 2.3% in the fourth quarter. Nordea Investment Management AB now owns 23,911 shares of the company’s stock worth $3,682,000 after acquiring an additional 536 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Snowflake during the 4th quarter worth $1,390,000. Finally, GAMMA Investing LLC boosted its position in Snowflake by 59.6% during the fourth quarter. GAMMA Investing LLC now owns 391 shares of the company’s stock worth $60,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now directly owns 195,281 shares in the company, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares of the company’s stock, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 376,904 shares of company stock worth $62,545,855. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SNOW shares. Mizuho boosted their price target on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Citigroup reduced their price objective on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. JMP Securities restated a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Monness Crespi & Hardt increased their price target on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $187.11.

Snowflake Price Performance

Shares of NYSE SNOW opened at $162.65 on Friday. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The firm has a market capitalization of $53.69 billion, a PE ratio of -47.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The business’s fifty day moving average price is $156.42 and its two-hundred day moving average price is $133.94.

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.