1,800 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Allianz SE

Allianz SE acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,800 shares of the company's stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Asset Dedication LLC lifted its position in Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after acquiring an additional 59 shares during the period. Breakwater Capital Group increased its holdings in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after buying an additional 62 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Snowflake by 0.6% during 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 acquiring an additional 69 shares during the period. Larson Financial Group LLC increased its stake in shares of Snowflake by 21.8% in the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company's stock worth $64,000 after acquiring an additional 74 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock worth $59,000 after acquiring an additional 90 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of the stock in a transaction dated 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 owns 622,611 shares of the company's stock, valued at $91,673,243.64. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now owns 292,610 shares in the company, valued at $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,968 shares of company stock valued at $84,363,550 in the last 90 days. Company insiders own 7.80% of the company's stock.

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Snowflake Trading Up 2.3 %

Snowflake stock traded up $3.40 during midday trading on Tuesday, hitting $149.56. 3,422,362 shares of the stock were exchanged, compared to its average volume of 6,379,203. 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 simple moving average is $171.02 and its 200 day simple moving average is $152.07. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a market capitalization of $49.37 billion, a price-to-earnings ratio of -44.12 and a beta of 1.07.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SNOW shares. Rosenblatt Securities boosted their price objective on Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company boosted their price target on Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price objective on the stock in a research note on Thursday, February 20th. KeyCorp boosted their target price on shares of Snowflake from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Oppenheimer raised 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. Nine equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.14.

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.