Snowflake Inc. (NYSE:SNOW) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. raised its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 660.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,537 shares of the company's stock after purchasing an additional 169,833 shares during the period. APG Asset Management N.V. owned 0.06% of Snowflake worth $29,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Snowflake during the 4th quarter worth $988,950,000. GQG Partners LLC purchased a new stake in shares of Snowflake in the 4th quarter valued at about $750,572,000. Jennison Associates LLC boosted its position in shares of Snowflake by 92.2% in the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock valued at $1,179,230,000 after purchasing an additional 3,662,671 shares during the period. FMR LLC grew its stake in Snowflake by 84.9% during the 4th quarter. FMR LLC now owns 6,108,123 shares of the company's stock worth $943,155,000 after buying an additional 2,805,425 shares during the last quarter. Finally, Groupama Asset Managment increased its position in Snowflake by 930,132.6% during the fourth quarter. Groupama Asset Managment now owns 2,000,000 shares of the company's stock worth $308,820,000 after buying an additional 1,999,785 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake Stock Up 0.4 %

NYSE SNOW traded up $0.62 on Monday, reaching $145.58. The company had a trading volume of 946,863 shares, compared to its average volume of 5,859,015. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The firm has a market capitalization of $48.06 billion, a PE ratio of -42.94 and a beta of 1.13. 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 50-day moving average of $163.16 and a 200-day moving average of $153.82.

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Insider Activity

In related news, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares of the company's stock, valued at $3,408,968.75. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now owns 195,281 shares in the company, valued at $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 491,589 shares of company stock worth $82,405,796 over the last ninety days. Corporate insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Citigroup lifted their price objective on shares of Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Royal Bank of Canada increased their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. StockNews.com upgraded Snowflake from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective for the company in a research report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $201.84.

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.