KBC Group NV Purchases 220 Shares of Snowflake Inc. (NYSE:SNOW)

KBC Group NV raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,004 shares of the company’s stock after purchasing an additional 220 shares during the quarter. KBC Group NV’s holdings in Snowflake were worth $6,177,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board increased its holdings in Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after buying an additional 2,559,144 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after acquiring an additional 881,700 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Snowflake by 471.9% in the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after acquiring an additional 628,511 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Snowflake by 12,318.3% during the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after purchasing an additional 526,608 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Snowflake by 96.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company’s stock valued at $120,076,000 after purchasing an additional 513,214 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 2,021 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the sale, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 45,896 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 504,151 shares of company stock worth $84,973,139. Company insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $150.00 to $200.00 in a report on Tuesday, January 7th. Scotiabank boosted their price target on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Bank of America increased their price objective on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Loop Capital boosted their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Trading Down 1.9 %

Shares of NYSE SNOW opened at $179.42 on Friday. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. 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 moving average is $169.02 and its two-hundred day moving average is $137.06. The stock has a market capitalization of $59.23 billion, a P/E ratio of -52.93 and a beta of 1.05.

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.