Zurcher Kantonalbank Zurich Cantonalbank Has $12.60 Million Stock Position in Snowflake Inc. (NYSE:SNOW)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 6.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,325 shares of the company’s stock after buying an additional 4,081 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Snowflake were worth $12,602,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SNOW. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Snowflake by 822.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock worth $38,000 after purchasing an additional 148 shares in the last quarter. Ulland Investment Advisors LLC increased its holdings in Snowflake by 270.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after purchasing an additional 135 shares in the last quarter. Provence Wealth Management Group acquired a new position in Snowflake in the 3rd quarter worth about $30,000. Finally, M&R Capital Management Inc. increased its holdings in Snowflake by 100.0% in the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Snowflake from $200.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. JMP Securities upped their target price on Snowflake from $212.00 to $235.00 and gave the stock a “market outperform” rating in a report on Thursday, February 29th. Bank of America reduced their price target on Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Barclays reduced their price target on Snowflake from $198.00 to $188.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Finally, Macquarie upgraded Snowflake from a “neutral” rating to an “outperform” rating and upped their price target for the company from $182.00 to $205.00 in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $156.38, for a total transaction of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at approximately $121,053,288.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Christian Kleinerman sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the completion of the sale, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at $121,053,288.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Benoit Dageville sold 689 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $111,218.38. Following the completion of the sale, the insider now directly owns 70,665 shares of the company’s stock, valued at $11,406,744.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,555 shares of company stock valued at $36,868,487. 8.30% of the stock is owned by company insiders.

Snowflake Stock Down 2.0 %

SNOW stock opened at $145.45 on Friday. The stock’s 50 day simple moving average is $177.80 and its 200 day simple moving average is $179.00. Snowflake Inc. has a fifty-two week low of $135.26 and a fifty-two week high of $237.72.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The business had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. On average, sell-side analysts expect that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

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.