Achmea Investment Management B.V. Cuts Stock Position in Snowflake Inc. (NYSE:SNOW)

Achmea Investment Management B.V. lessened its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 41.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Snowflake by 49.7% during the third quarter. Victory Capital Management Inc. now owns 420,088 shares of the company's stock worth $48,251,000 after acquiring an additional 139,459 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Snowflake by 59.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 34,851 shares of the company's stock valued at $4,003,000 after purchasing an additional 13,053 shares during the period. KBC Group NV lifted its holdings in shares of Snowflake by 8.7% in the third quarter. KBC Group NV now owns 39,784 shares of the company's stock valued at $4,570,000 after purchasing an additional 3,183 shares in the last quarter. Huntington National Bank boosted its position in shares of Snowflake by 24.2% during the third quarter. Huntington National Bank now owns 694 shares of the company's stock worth $80,000 after buying an additional 135 shares during the period. Finally, Metis Global Partners LLC boosted its position in shares of Snowflake by 8.4% during the third quarter. Metis Global Partners LLC now owns 6,987 shares of the company's stock worth $803,000 after buying an additional 544 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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Snowflake Stock Up 1.0 %

Shares of NYSE:SNOW traded up $1.53 during trading on Wednesday, reaching $155.89. 4,553,144 shares of the stock were exchanged, compared to its average volume of 6,383,719. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The stock has a fifty day moving average of $173.01 and a two-hundred day moving average of $148.93. 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 firm has a market cap of $51.46 billion, a price-to-earnings ratio of -45.98 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SNOW shares. Wedbush set a $210.00 price target on shares of Snowflake in a research note on Wednesday, January 22nd. TD Cowen lifted their target price on Snowflake from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Piper Sandler upped their target price on Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. JMP Securities restated a "market outperform" rating and issued a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, Bank of America raised their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $202.92.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 861 shares of Snowflake stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $165.31, for a total transaction of $142,331.91. Following the transaction, the executive vice president now owns 582,930 shares of the company's stock, valued at $96,364,158.30. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the sale, the executive now directly owns 308,164 shares of the company's stock, valued at $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,648 shares of company stock worth $48,387,318. 7.80% of the stock is owned by corporate insiders.

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.