Achmea Investment Management B.V. Has $436,000 Holdings in Snowflake Inc. (NYSE:SNOW)

Achmea Investment Management B.V. cut its holdings in Snowflake Inc. (NYSE:SNOW) by 41.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,824 shares of the company’s stock after selling 1,996 shares during the period. Achmea Investment Management B.V.’s holdings in Snowflake were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNOW. Jennison Associates LLC grew its stake in shares of Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares in the last quarter. State Street Corp grew its stake in shares of Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after buying an additional 54,909 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Snowflake by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after buying an additional 138,663 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after buying an additional 881,700 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Snowflake by 19,399.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after buying an additional 2,559,144 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 685 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total value of $100,859.40. Following the sale, the executive vice president now directly owns 622,611 shares in the company, valued at $91,673,243.64. This represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total value of $1,148,094.00. Following the completion of the sale, the director now owns 196,454 shares in the company, valued at $33,593,634. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,391 shares of company stock worth $50,053,371. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of several analyst reports. TD Cowen raised their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Stifel Nicolaus lifted their price objective on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Piper Sandler lifted their price objective on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald lifted their price objective on shares of Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One investment 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $202.92.

Snowflake Stock Performance

NYSE:SNOW opened at $156.41 on Friday. The stock has a market cap of $51.63 billion, a P/E ratio of -46.14 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average is $173.24 and its 200-day moving average is $148.09. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40.

Snowflake Company 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.