10,519 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,519 shares of the company's stock, valued at approximately $1,624,000.

A number of other large investors have also recently made changes to their positions in the stock. Asset Dedication LLC raised its stake in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group raised its position in shares of 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 acquiring an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares during the last quarter. Larson Financial Group LLC boosted its position in Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after purchasing an additional 74 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock valued at $59,000 after purchasing an additional 90 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 861 shares of the company's 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 completion of the transaction, the executive vice president now directly owns 582,930 shares of the company's stock, valued at $96,364,158.30. This represents a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 7,016 shares of Snowflake stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $1,092,321.04. Following the completion of the sale, the director now directly owns 182,999 shares in the company, valued at $28,491,114.31. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,429 shares of company stock valued at $50,065,812. Corporate insiders own 7.80% of the company's stock.

Snowflake Stock Performance

Shares of NYSE SNOW traded up $0.75 during midday trading on Friday, reaching $157.94. 3,604,059 shares of the stock were exchanged, compared to its average volume of 6,340,684. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $52.14 billion, a price-to-earnings ratio of -46.59 and a beta of 1.07. The firm has a 50-day simple moving average of $172.74 and a two-hundred day simple moving average of $149.61. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.

Analysts Set New Price Targets

SNOW has been the subject of several analyst reports. Oppenheimer increased 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. UBS Group increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Wolfe Research raised shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target on the stock in a report on Tuesday, February 18th. Loop Capital upped their price target on Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $190.00 price objective on shares of Snowflake in a research report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $205.08.

About Snowflake

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.