Amundi Has $168.65 Million Stake in Snowflake Inc. (NYSE:SNOW)

Amundi lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047,327 shares of the company’s stock after acquiring an additional 287,729 shares during the quarter. Amundi owned approximately 0.32% of Snowflake worth $168,651,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Asset Dedication LLC raised its holdings in shares of Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after buying an additional 59 shares during the last quarter. Breakwater Capital Group increased its position in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after acquiring an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after acquiring an additional 69 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock worth $64,000 after purchasing an additional 74 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after purchasing an additional 90 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNOW has been the subject of several research analyst reports. BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Thursday, February 20th. Canaccord Genuity Group increased their price target on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Thursday, February 27th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company upped their price target on Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $202.92.

Snowflake Price Performance

Shares of NYSE SNOW opened at $158.54 on Monday. 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 50 day moving average price is $173.79 and its two-hundred day moving average price is $147.09. The company has a market cap of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 1,712 shares of Snowflake stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $306,448.00. Following the completion of the sale, the director now owns 205,965 shares of the company’s stock, valued at approximately $36,867,735. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 3,029 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total transaction of $517,959.00. Following the completion of the transaction, the executive vice president now owns 684,639 shares in the company, valued at approximately $117,073,269. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,193 shares of company stock worth $50,096,313. Company insiders own 7.80% of the company’s stock.

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.