173,898 Shares in Snowflake Inc. $SNOW Acquired by PFA Pension Forsikringsaktieselskab

PFA Pension Forsikringsaktieselskab acquired a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 173,898 shares of the company's stock, valued at approximately $38,614,000. PFA Pension Forsikringsaktieselskab owned about 0.05% of Snowflake as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Syntax Research Inc. acquired a new position in Snowflake in the fourth quarter worth approximately $2,098,000. Danske Bank A S increased its holdings in Snowflake by 9.3% in the fourth quarter. Danske Bank A S now owns 178,480 shares of the company's stock worth $39,151,000 after buying an additional 15,112 shares during the last quarter. Citizens Business Bank increased its holdings in Snowflake by 2.5% in the fourth quarter. Citizens Business Bank now owns 23,995 shares of the company's stock worth $5,264,000 after buying an additional 583 shares during the last quarter. Sigma Planning Corp increased its holdings in Snowflake by 125.6% in the fourth quarter. Sigma Planning Corp now owns 6,924 shares of the company's stock worth $1,521,000 after buying an additional 3,855 shares during the last quarter. Finally, Activest Wealth Management increased its holdings in Snowflake by 296.2% in the fourth quarter. Activest Wealth Management now owns 206 shares of the company's stock worth $45,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Activity

In other news, Director Frank Slootman sold 11,299 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $175.25, for a total value of $1,980,149.75. Following the completion of the sale, the director directly owned 38,046 shares of the company's stock, valued at approximately $6,667,561.50. This represents a 22.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the completion of the sale, the executive vice president directly owned 533,494 shares of the company's stock, valued at $90,699,314.94. This represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 384,313 shares of company stock valued at $65,506,880. Insiders own 6.80% of the company's stock.

Snowflake Stock Up 0.2%

Shares of Snowflake stock opened at $141.28 on Monday. The stock has a market capitalization of $48.84 billion, a P/E ratio of -35.77 and a beta of 1.08. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average price of $158.11 and a two-hundred day moving average price of $202.46. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company's revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SNOW shares. Rosenblatt Securities restated a "buy" rating and issued a $275.00 price objective on shares of Snowflake in a report on Thursday, February 26th. The Goldman Sachs Group dropped their price objective on Snowflake from $286.00 to $246.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. DA Davidson dropped their price objective on Snowflake from $300.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research report on Wednesday, February 18th. Finally, Monness Crespi & Hardt upped their target price on Snowflake from $275.00 to $282.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell 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 $242.19.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.

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