Generali Asset Management SPA SGR Invests $1.47 Million in Snowflake Inc. (NYSE:SNOW)

Generali Asset Management SPA SGR bought a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,505 shares of the company's stock, valued at approximately $1,468,000.

A number of other hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment bought a new position in shares of Snowflake during the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC acquired a new position in Snowflake in the fourth quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC grew its position in Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after buying an additional 144 shares during the last quarter. Perkins Coie Trust Co increased its holdings in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake in the fourth quarter valued at $38,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Stock Performance

Shares of SNOW stock traded up $4.97 during mid-day trading on Monday, reaching $163.36. The stock had a trading volume of 3,880,961 shares, compared to its average volume of 6,331,010. The firm has a market cap of $53.93 billion, a PE ratio of -48.19 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The firm's 50 day simple moving average is $172.76 and its 200 day simple moving average is $150.25.

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Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 1,783 shares of Snowflake stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the sale, the director now directly owns 192,511 shares of the company's stock, valued at approximately $28,345,319.64. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 685 shares of the 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 completion of the transaction, the executive vice president now directly owns 622,611 shares of the company's stock, valued at approximately $91,673,243.64. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 305,476 shares of company stock valued at $51,146,611 over the last ninety days. 7.80% of the stock is owned by company insiders.

Analyst Ratings Changes

SNOW has been the topic of a number of recent research reports. UBS Group lifted their target price on Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Needham & Company LLC upped their price objective on shares of Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their target price 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. Oppenheimer upped their price target on shares of Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada raised their target price on Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $205.08.

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.