Snowflake Inc. (NYSE:SNOW) Shares Sold by Privium Fund Management B.V.

Privium Fund Management B.V. cut its position in shares of Snowflake Inc. (NYSE:SNOW) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the company’s stock after selling 20,000 shares during the period. Snowflake accounts for 2.6% of Privium Fund Management B.V.’s portfolio, making the stock its 9th largest holding. Privium Fund Management B.V.’s holdings in Snowflake were worth $11,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC increased its position in 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. Ontario Teachers Pension Plan Board increased its holdings in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the last quarter. Two Sigma Advisers LP raised its stake in Snowflake by 27.9% in 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 period. Raymond James Financial Inc. acquired a new stake in Snowflake during the 4th quarter valued at $124,433,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Snowflake by 165.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 534,900 shares of the company’s stock worth $61,439,000 after purchasing an additional 333,500 shares during the period. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 1,783 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 287,648 shares of company stock worth $48,387,318. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SNOW. StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. JMP Securities restated a “market outperform” rating and set a $190.00 price objective on shares of Snowflake in a research report on Tuesday, December 3rd. Bank of America upped their target price on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Mizuho increased their target price on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, Rosenblatt Securities boosted their price target on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

Snowflake Trading Down 1.3 %

NYSE SNOW opened at $154.35 on Wednesday. The company has a market cap of $50.95 billion, a price-to-earnings ratio of -45.53 and a beta of 1.07. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average is $173.01 and its 200 day moving average is $148.93.

About Snowflake

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.