9,505 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,505 shares of the company’s stock, valued at approximately $1,468,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Snowflake by 11.8% during the fourth quarter. Signaturefd LLC now owns 2,416 shares of the company’s stock worth $373,000 after buying an additional 255 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Snowflake by 79.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 359 shares of the company’s stock valued at $55,000 after purchasing an additional 159 shares during the last quarter. Nicholas Company Inc. increased its holdings in shares of Snowflake by 35.9% in the fourth quarter. Nicholas Company Inc. now owns 293,750 shares of the company’s stock valued at $45,358,000 after purchasing an additional 77,565 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Snowflake by 4.4% in the fourth quarter. Harbour Investments Inc. now owns 4,189 shares of the company’s stock valued at $647,000 after purchasing an additional 175 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Snowflake by 7.0% in the fourth quarter. Corient Private Wealth LLC now owns 17,891 shares of the company’s stock valued at $2,763,000 after purchasing an additional 1,165 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on SNOW. StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a report on Friday, February 28th. TD Cowen upped their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays upped their price target on shares of Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Thursday, February 20th. Finally, 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. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.08.

Snowflake Stock Up 0.8 %

Shares of NYSE SNOW opened at $157.23 on Friday. The firm has a market cap of $51.90 billion, a PE ratio of -46.38 and a beta of 1.07. The company has a 50 day simple moving average of $172.83 and a 200 day simple moving average of $149.04. 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.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 3,765 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85. Following the completion of the sale, the executive vice president now owns 616,602 shares of the company’s stock, valued at approximately $95,998,765.38. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the sale, the director now owns 195,281 shares of the company’s stock, valued at $30,268,555. This represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,429 shares of company stock valued at $50,065,812. 7.80% of the stock is currently owned by company insiders.

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.