Robeco Schweiz AG Grows Position in Snowflake Inc. (NYSE:SNOW)

Robeco Schweiz AG increased its position in Snowflake Inc. (NYSE:SNOW) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,400 shares of the company’s stock after purchasing an additional 3,400 shares during the period. Robeco Schweiz AG’s holdings in Snowflake were worth $5,621,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SNOW. Nwam LLC purchased a new stake in shares of Snowflake in the 4th quarter worth about $407,000. GenTrust LLC bought a new stake in Snowflake during the fourth quarter worth about $11,345,000. Cable Hill Partners LLC purchased a new stake in Snowflake in the fourth quarter worth about $204,000. Whipplewood Advisors LLC bought a new position in shares of Snowflake during the fourth quarter valued at approximately $48,000. Finally, GraniteShares Advisors LLC bought a new position in shares of Snowflake during the fourth quarter valued at approximately $781,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 1.2 %

NYSE SNOW opened at $166.20 on Thursday. The stock’s 50-day moving average price is $172.79 and its 200-day moving average price is $144.94. The company has a market capitalization of $54.86 billion, a P/E ratio of -49.03 and a beta of 1.07. 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 52 week low of $107.13 and a 52 week high of $235.66.

Insider Buying and Selling

In other news, Director Frank Slootman sold 59,617 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $176.25, for a total value of $10,507,496.25. Following the completion of the transaction, the director now owns 208,735 shares of the company’s stock, valued at $36,789,543.75. This represents a 22.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 371,810 shares of company stock valued at $63,340,544. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Snowflake from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Piper Sandler boosted their target price on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Citigroup raised their price target on Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday. Wolfe Research upgraded shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a research note on Tuesday, February 18th. Finally, KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $196.19.

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.