Mn Services Vermogensbeheer B.V. Acquires 4,300 Shares of Snowflake Inc. (NYSE:SNOW)

Mn Services Vermogensbeheer B.V. raised its stake in Snowflake Inc. (NYSE:SNOW) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 111,600 shares of the company’s stock after acquiring an additional 4,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Snowflake were worth $17,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Asset Dedication LLC grew its holdings in shares of Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group grew its stake in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Snowflake by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after acquiring an additional 90 shares in the last quarter. Catalyst Private Wealth LLC raised its holdings in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Snowflake by 21.1% in the fourth quarter. First Horizon Advisors Inc. now owns 621 shares of the company’s stock worth $96,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup lifted their target price on Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their price target on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group raised their price target on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.92.

Snowflake Stock Up 4.6 %

Shares of NYSE SNOW opened at $173.78 on Friday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $233.88. The stock’s fifty day moving average is $172.98 and its 200 day moving average is $145.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $57.36 billion, a P/E ratio of -51.26 and a beta of 1.07.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 312,193 shares of company stock valued at $52,833,048 in the last ninety days. 7.80% of the stock is currently owned by company insiders.

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.