Swiss National Bank Sells 42,000 Shares of Snowflake Inc. (NYSE:SNOW)

Swiss National Bank trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 852,300 shares of the company’s stock after selling 42,000 shares during the period. Swiss National Bank owned approximately 0.26% of Snowflake worth $131,604,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SNOW. Asset Dedication LLC boosted its stake in Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after acquiring an additional 59 shares in the last quarter. Breakwater Capital Group boosted its position in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock valued at $2,077,000 after buying an additional 69 shares during the period. Larson Financial Group LLC grew its stake in shares of Snowflake by 21.8% in the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after buying an additional 74 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNOW. Deutsche Bank Aktiengesellschaft increased their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group lifted their price target on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Wedbush set a $210.00 price objective on shares of Snowflake in a report on Wednesday, January 22nd. Rosenblatt Securities lifted their price objective on shares of Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company upped their target price on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $202.92.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of Snowflake stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $100,859.40. Following the completion of the transaction, the executive vice president now owns 622,611 shares of the company’s stock, valued at $91,673,243.64. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 6,714 shares of the company’s stock in a transaction dated 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 sale, the director now owns 196,454 shares in the company, valued at approximately $33,593,634. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,391 shares of company stock valued at $50,053,371 in the last 90 days. 7.80% of the stock is currently owned by company insiders.

Snowflake Stock Performance

Shares of SNOW stock opened at $149.83 on Friday. The firm’s 50 day moving average is $173.36 and its 200 day moving average is $147.60. The stock has a market capitalization of $49.46 billion, a P/E ratio of -44.20 and a beta of 1.07. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. 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 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.