Banco Bilbao Vizcaya Argentaria S.A. Raises Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,815 shares of the company's stock after purchasing an additional 8,002 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Snowflake were worth $5,094,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SNOW. Evercore Wealth Management LLC bought a new stake in shares of Snowflake during the 4th quarter worth approximately $205,000. GMT Capital Corp purchased a new stake in Snowflake in the fourth quarter worth $3,397,000. MGO One Seven LLC lifted its position in shares of Snowflake by 34.0% during the fourth quarter. MGO One Seven LLC now owns 2,552 shares of the company's stock worth $394,000 after purchasing an additional 648 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Snowflake by 40.1% during the fourth quarter. Pinebridge Investments L.P. now owns 69,465 shares of the company's stock valued at $10,726,000 after purchasing an additional 19,867 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Snowflake by 124.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,968,755 shares of the company's stock worth $612,817,000 after purchasing an additional 2,200,406 shares during the last quarter. Institutional investors own 65.10% of the company's stock.

Insider Transactions at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the transaction, the chief financial officer now owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 374,342 shares of company stock valued at $61,578,513 over the last ninety days. Insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SNOW shares. Stifel Nicolaus increased their price objective on Snowflake from $187.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. UBS Group increased their price target on Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Oppenheimer lifted their price objective on Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Piper Sandler cut their target price on shares of Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.27.

Snowflake Price Performance

SNOW stock traded down $2.74 during trading on Wednesday, hitting $157.61. The stock had a trading volume of 2,204,471 shares, compared to its average volume of 6,381,391. The company's 50-day moving average price is $153.86 and its two-hundred day moving average price is $156.33. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The stock has a market capitalization of $52.03 billion, a P/E ratio of -46.49 and a beta of 1.13. 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 Company 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.