Privium Fund Management B.V. Sells 20,000 Shares of Snowflake Inc. (NYSE:SNOW)

Privium Fund Management B.V. decreased its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,000 shares of the company's stock after selling 20,000 shares during the period. Snowflake accounts for approximately 2.6% of Privium Fund Management B.V.'s portfolio, making the stock its 9th biggest holding. Privium Fund Management B.V.'s holdings in Snowflake were worth $11,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNOW. Jennison Associates LLC grew its holdings in shares of Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after buying an additional 3,662,671 shares during the last quarter. State Street Corp grew its stake in shares of Snowflake by 0.8% in the 3rd quarter. State Street Corp now owns 6,867,097 shares of the company's stock valued at $788,755,000 after purchasing an additional 54,909 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Snowflake by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company's stock valued at $475,894,000 after purchasing an additional 138,663 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company's stock worth $464,402,000 after purchasing an additional 881,700 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company's stock worth $295,459,000 after purchasing an additional 2,559,144 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.

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Insider Activity at Snowflake

In other news, Director Frank Slootman sold 1,783 shares of Snowflake stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total value of $262,528.92. Following the transaction, the director now directly owns 192,511 shares of the company's stock, valued at $28,345,319.64. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christian Kleinerman sold 861 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $165.31, for a total value of $142,331.91. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 298,429 shares of company stock worth $50,065,812. 7.80% of the stock is owned by insiders.

Snowflake Trading Up 0.5 %

Shares of SNOW stock traded up $0.75 during trading hours on Friday, hitting $157.94. 3,604,059 shares of the company were exchanged, compared to its average volume of 6,340,684. The firm has a fifty day moving average of $172.74 and a 200 day moving average of $149.61. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The firm has a market cap of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07.

Analysts Set New Price Targets

Several brokerages have issued reports on SNOW. Citigroup boosted their price objective on shares of Snowflake from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. KeyCorp lifted their price objective on Snowflake from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Rosenblatt Securities raised their price target on Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Finally, Loop Capital boosted their target price on shares of Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.08.

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.