Siemens Fonds Invest GmbH Has $902,000 Position in Snowflake Inc. (NYSE:SNOW)

Siemens Fonds Invest GmbH reduced its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 47.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,843 shares of the company's stock after selling 5,174 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Snowflake were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Prospect Financial Services LLC bought a new position in shares of Snowflake in the fourth quarter valued at $288,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Snowflake by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock valued at $104,028,000 after buying an additional 8,857 shares in the last quarter. Bourgeon Capital Management LLC acquired a new stake in Snowflake in the 4th quarter valued at about $5,851,000. Stephens Consulting LLC lifted its stake in Snowflake by 7,407.4% in the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock valued at $313,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its stake in Snowflake by 40.1% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock valued at $2,458,000 after purchasing an additional 4,559 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SNOW has been the subject of several recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $201.00 target price on shares of Snowflake in a research note on Tuesday. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price for the company in a research note on Tuesday, February 18th. Needham & Company LLC lifted their price objective on shares of Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. KeyCorp reduced their price objective on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Mizuho lifted their price objective on shares of Snowflake from $190.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.00.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 1,783 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the sale, the director now owns 192,511 shares of the company's stock, valued at approximately $28,345,319.64. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the business'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 sale, the director now directly owns 26,375 shares in the company, valued at approximately $3,408,968.75. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Price Performance

SNOW traded up $0.76 on Tuesday, hitting $182.81. 4,216,765 shares of the stock were exchanged, compared to its average volume of 6,409,322. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The business has a 50-day moving average of $156.90 and a two-hundred day moving average of $162.25. 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 firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of -53.93 and a beta of 1.11.

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.