Robeco Institutional Asset Management B.V. Cuts Stake in Snowflake Inc. (NYSE:SNOW)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Snowflake Inc. (NYSE:SNOW) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,410 shares of the company’s stock after selling 5,546 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Snowflake were worth $5,159,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Groupama Asset Managment bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Snowflake in the third quarter valued at $30,000. Fortitude Family Office LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at $34,000. Perkins Coie Trust Co grew its stake in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Snowflake in the 4th quarter worth about $38,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of Snowflake stock opened at $181.66 on Monday. The stock has a market capitalization of $59.97 billion, a P/E ratio of -53.59 and a beta of 1.05. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The business’s 50 day simple moving average is $169.48 and its two-hundred day simple moving average is $137.70.

Insider Buying and Selling

In other news, Director Frank Slootman sold 45,896 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 504,151 shares of company stock valued at $84,973,139 over the last three months. 7.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNOW shares. Mizuho increased their target price on shares of Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Evercore ISI raised their price target on Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $187.06.

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.