55,461 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,461 shares of the company’s stock, valued at approximately $8,564,000.

A number of other large investors have also made changes to their positions in SNOW. Groupama Asset Managment bought a new stake in shares of Snowflake during the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $29,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Snowflake by 189.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 144 shares during the period. 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 valued at $37,000 after acquiring an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the 4th quarter valued at approximately $38,000. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the transaction, the director now owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. This represents a 33.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Emily Ho sold 1,508 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,193 shares of company stock valued at $50,096,313 in the last quarter. 7.80% of the stock is owned by insiders.

Snowflake Stock Performance

NYSE:SNOW opened at $158.54 on Friday. The stock’s fifty day moving average is $173.79 and its 200 day moving average is $147.00. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The firm has a market capitalization of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNOW. Truist Financial reiterated a “buy” rating and set a $225.00 price objective (up from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Needham & Company LLC boosted their price objective on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Monness Crespi & Hardt boosted their price objective on Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus boosted their price objective on Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

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.