Snowflake Inc. (NYSE:SNOW) Shares Bought by Axa S.A.

AXA S.A. raised its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,268 shares of the company's stock after buying an additional 34,098 shares during the period. AXA S.A. owned about 0.08% of Snowflake worth $39,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake in the 4th quarter worth $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake in the fourth quarter valued at about $31,000. Quadrant Capital Group LLC lifted its stake in Snowflake by 74.6% in the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after acquiring an additional 91 shares during the period. Blue Bell Private Wealth Management LLC increased its position in 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 purchasing an additional 144 shares during the period. Finally, Perkins Coie Trust Co raised its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $168.00, for a total transaction of $1,680,000.00. Following the transaction, the executive vice president now directly owns 580,632 shares in the company, valued at $97,546,176. The trade was a 1.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares of the company's stock, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 356,963 shares of company stock valued at $58,204,058 over the last quarter. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of several research reports. UBS Group lifted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Barclays lifted their price target on Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Daiwa America upgraded Snowflake to a "strong-buy" rating in a research note on Tuesday, April 1st. Mizuho lifted their target price on Snowflake from $195.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI increased their price target on shares of Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $200.28.

Snowflake Price Performance

SNOW traded up $2.21 during midday trading on Wednesday, hitting $170.66. 1,960,668 shares of the company traded hands, compared to its average volume of 6,378,470. The company has a market capitalization of $56.34 billion, a price-to-earnings ratio of -50.34 and a beta of 1.11. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The business has a 50 day simple moving average of $153.39 and a two-hundred day simple moving average of $157.90. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.