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

KBC Group NV lifted its position in Snowflake Inc. (NYSE:SNOW) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,004 shares of the company’s stock after buying an additional 220 shares during the period. KBC Group NV’s holdings in Snowflake were worth $6,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in shares of Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after purchasing an additional 7,239 shares during the period. Independent Advisor Alliance lifted its holdings in Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after buying an additional 548 shares during the period. Bourgeon Capital Management LLC bought a new stake in Snowflake during the 4th quarter valued at $5,851,000. Franklin Resources Inc. increased its holdings in shares of Snowflake by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after acquiring an additional 7,373 shares during the period. Finally, Westend Capital Management LLC bought a new position in shares of Snowflake in the 4th quarter worth $10,550,000. 65.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SNOW. Deutsche Bank Aktiengesellschaft raised their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wedbush raised shares of Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Mizuho increased their target price on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price target on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, DA Davidson reiterated a “buy” rating and set a $175.00 price objective on shares of Snowflake in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.06.

Snowflake Trading Down 1.9 %

Shares of SNOW stock 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 market cap of $59.23 billion, a price-to-earnings ratio of -52.93 and a beta of 1.05. 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 stock has a 50 day simple moving average of $169.02 and a 200-day simple moving average of $137.06.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This represents a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares in the company, valued at $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 504,151 shares of company stock valued at $84,973,139. 7.80% of the stock is owned by corporate insiders.

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.