Deutsche Bank AG Has $142.51 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Deutsche Bank AG lifted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 922,953 shares of the company's stock after purchasing an additional 190,583 shares during the quarter. Deutsche Bank AG owned about 0.28% of Snowflake worth $142,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Snowflake by 65.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 70,286 shares of the company's stock worth $10,853,000 after purchasing an additional 27,808 shares in the last quarter. Element Pointe Advisors LLC purchased a new stake in shares of Snowflake in the 4th quarter worth about $603,000. Colonial Trust Co SC purchased a new position in Snowflake during the 4th quarter valued at about $33,000. Concentric Capital Strategies LP grew its holdings in Snowflake by 43.6% in the fourth quarter. Concentric Capital Strategies LP now owns 39,341 shares of the company's stock worth $6,075,000 after purchasing an additional 11,936 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of Snowflake by 165.7% during the fourth quarter. CoreCap Advisors LLC now owns 271 shares of the company's stock valued at $42,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company'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 completion of the sale, the executive vice president now owns 594,975 shares of the company's stock, valued at approximately $102,186,956.25. This 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 the SEC website. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the transaction, the director now owns 26,375 shares in the company, valued at approximately $3,408,968.75. This represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is currently owned by insiders.

Snowflake Trading Down 0.4%

Shares of NYSE SNOW traded down $0.65 during mid-day trading on Wednesday, hitting $180.37. The company's stock had a trading volume of 4,639,618 shares, compared to its average volume of 6,408,201. The stock has a market cap of $59.54 billion, a price-to-earnings ratio of -53.21 and a beta of 1.11. 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 Inc. has a one year low of $107.13 and a one year high of $194.40. The company's fifty day simple moving average is $153.84 and its 200-day simple moving average is $159.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $183.00 price target on shares of Snowflake in a report on Wednesday, April 2nd. DA Davidson cut their target price on Snowflake from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Monness Crespi & Hardt boosted their price target on Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price on the stock in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus raised their price target on shares of Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $200.28.

About Snowflake

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.