Snowflake Inc. (NYSE:SNOW) Shares Sold by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd trimmed its position in shares of Snowflake Inc. (NYSE:SNOW) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,043 shares of the company’s stock after selling 1,575 shares during the period. Snowflake makes up about 1.6% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 21st largest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Snowflake were worth $6,646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SNOW. Groupama Asset Managment purchased a new stake in shares of Snowflake during the third quarter worth $25,000. Stonebridge Financial Group LLC purchased a new position in Snowflake in the fourth quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC increased its position in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 144 shares during the last quarter. Perkins Coie Trust Co raised its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake during the 4th quarter worth $38,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the sale, the director now directly owns 195,281 shares of the company’s stock, valued at $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Emily Ho sold 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at $7,303,489.20. This trade represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,568 shares of company stock worth $49,923,480 in the last three months. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on SNOW. Royal Bank of Canada increased their target price on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group raised their target price on Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Thursday, February 20th. KeyCorp increased their target price on shares of Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Citigroup upped their price objective on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.08.

Snowflake Stock Up 0.5 %

Shares of Snowflake stock opened at $157.94 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The business has a 50-day moving average of $172.74 and a 200-day moving average of $149.89. The company has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07.

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.