Robeco Institutional Asset Management B.V. Acquires 325,156 Shares of Snowflake Inc. (NYSE:SNOW)

Robeco Institutional Asset Management B.V. increased its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 973.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,566 shares of the company's stock after acquiring an additional 325,156 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Snowflake worth $52,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Snowflake during the first quarter valued at approximately $26,000. CVA Family Office LLC boosted its holdings in Snowflake by 80.0% in the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after acquiring an additional 88 shares in the last quarter. West Paces Advisors Inc. bought a new position in Snowflake in the 4th quarter worth $31,000. Spurstone Advisory Services LLC purchased a new stake in shares of Snowflake in the 4th quarter worth about $31,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Snowflake in the 4th quarter worth about $31,000. Institutional investors own 65.10% of the company's stock.

Insiders Place Their Bets

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares in the company, valued at $3,408,968.75. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 548 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $209.96, for a total value of $115,058.08. Following the sale, the executive vice president now owns 568,617 shares of the company's stock, valued at $119,386,825.32. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,903 shares of company stock worth $127,235,701. 6.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 0.2%

Shares of NYSE SNOW opened at $221.89 on Friday. The business's 50 day moving average price is $189.12 and its 200-day moving average price is $173.05. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $225.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $74.08 billion, a price-to-earnings ratio of -52.71 and a beta of 1.21.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The firm's revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, sell-side analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of Snowflake from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Truist Financial increased their price objective on Snowflake from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Loop Capital raised their price objective on Snowflake from $220.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $250.00 target price (up from $225.00) on shares of Snowflake in a research report on Friday, June 13th. Finally, UBS Group raised shares of Snowflake from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $210.00 to $265.00 in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $225.22.

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.

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