Bienville Capital Management LLC Reduces Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Bienville Capital Management LLC lessened its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 50.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,578 shares of the company's stock after selling 48,217 shares during the period. Snowflake accounts for 1.8% of Bienville Capital Management LLC's portfolio, making the stock its 22nd largest holding. Bienville Capital Management LLC's holdings in Snowflake were worth $7,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of SNOW. Wilmington Savings Fund Society FSB increased its holdings in Snowflake by 50.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,659 shares of the company's stock valued at $535,000 after purchasing an additional 1,559 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Snowflake by 28.6% in the 3rd quarter. Synovus Financial Corp now owns 6,077 shares of the company's stock valued at $698,000 after acquiring an additional 1,352 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Snowflake by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company's stock valued at $66,086,000 after acquiring an additional 7,373 shares during the period. GAMMA Investing LLC boosted its stake in Snowflake by 59.6% during the 4th quarter. GAMMA Investing LLC now owns 391 shares of the company's stock worth $60,000 after acquiring an additional 146 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Snowflake during the fourth quarter valued at approximately $1,390,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SNOW shares. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. UBS Group raised 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. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Wedbush set a $210.00 target price on shares of Snowflake in a report on Wednesday, January 22nd. Finally, Truist Financial lowered their price objective on shares of Snowflake from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $200.28.

Snowflake Price Performance

NYSE SNOW traded up $1.30 during trading hours on Wednesday, reaching $169.75. 715,855 shares of the stock traded hands, compared to its average volume of 6,373,690. 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 company has a market cap of $56.03 billion, a price-to-earnings ratio of -50.10 and a beta of 1.11. The stock has a 50 day simple moving average of $153.39 and a two-hundred day simple moving average of $157.90. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total value of $2,576,250.00. Following the transaction, the executive vice president now owns 594,975 shares in the company, valued at approximately $102,186,956.25. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $168.01, for a total transaction of $67,708.03. Following the sale, the director now owns 25,972 shares of the company's stock, valued at $4,363,555.72. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is currently owned by corporate insiders.

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.