Shares of Snowflake Inc. (NYSE: SNOW) plunged over 7% on Wednesday. This decline is surprising, considering that Northeast Financial Consultants Inc. had bolstered its position in Snowflake shares by 64.2% during the fourth quarter, as reported in their 13F filing with the Securities and Exchange Commission (SEC).
Northeast Financial Consultants Inc. now holds a total of 3,508 shares in Snowflake, acquiring an additional 1,372 shares during the quarter. The total value of their holdings in Snowflake is estimated to be around $504,000 at the end of the most recent quarter.
This development follows a trend among various institutional investors who have been adjusting their positions in SNOW.
Gabelli Funds LLC
Gabelli Funds LLC increased its holdings in Snowflake by 11.0% during the fourth quarter, now owning 77,703 shares, valued at approximately $11,153,000 ($11.15M).
Wealthcare Advisory Partners LLC
Wealthcare Advisory Partners LLC entered the scene by purchasing a new position in Snowflake worth approximately $254,000 ($254K) during the fourth quarter.
Bessemer Group Inc.
Bessemer Group Inc. acquired 5,428 shares in the last quarter. This brings their total holdings to 348,289 SNOW shares, valued at $49,993,000 ($49.99M). This represents a 1.6% increase in their holdings compared to the previous quarter.
Thematics Asset Management
Thematics Asset Management also joined in by buying a new position worth about $15,421,000 ($15.42M) during the fourth quarter.
Panagora Asset Management Inc.
Finally, Panagora Asset Management Inc. demonstrated an 18.1% increase in its holdings during the fourth quarter. The firm now owns 20,655 shares, valued at $2,965,000 ($2.96M).
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