Snowflake Inc. (NYSE:SNOW) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 114.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 519,858 shares of the company's stock after buying an additional 277,669 shares during the period. Schroder Investment Management Group owned approximately 0.16% of Snowflake worth $80,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SNOW. The Manufacturers Life Insurance Company raised its holdings in Snowflake by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 33,815 shares of the company's stock valued at $3,884,000 after buying an additional 633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Snowflake by 6.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,707 shares of the company's stock valued at $9,844,000 after acquiring an additional 5,252 shares during the last quarter. Fiduciary Trust Co raised its stake in shares of Snowflake by 59.7% in the third quarter. Fiduciary Trust Co now owns 2,835 shares of the company's stock valued at $326,000 after acquiring an additional 1,060 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Snowflake by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,935,779 shares of the company's stock worth $222,344,000 after acquiring an additional 51,366 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Snowflake by 6.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 150,327 shares of the company's stock worth $17,267,000 after purchasing an additional 9,327 shares during the period. 65.10% of the stock is currently owned by institutional investors.

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Insider Activity at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the transaction, the chief financial officer now owns 292,610 shares in the company, valued at approximately $47,756,878.10. This represents a 50.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the sale, the executive now owns 311,999 shares of the company's stock, valued at $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,968 shares of company stock valued at $84,363,550 in the last three months. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their price objective on shares of Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Oppenheimer increased their price target on Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Piper Sandler boosted their price objective on Snowflake from $208.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Jefferies Financial Group reduced their target price on Snowflake from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Daiwa Capital Markets assumed coverage on shares of Snowflake in a research note on Tuesday. They set a "buy" rating and a $210.00 target price for the company. Nine research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $204.14.

Snowflake Stock Up 2.3 %

NYSE SNOW traded up $3.40 during trading on Tuesday, hitting $149.56. The company's stock had a trading volume of 3,422,362 shares, compared to its average volume of 6,379,203. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The company has a market cap of $49.37 billion, a PE ratio of -44.12 and a beta of 1.07. 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 business's 50 day simple moving average is $171.02 and its 200-day simple moving average is $152.07.

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.