Snowflake Inc. (NYSE:SNOW) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 58.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,174 shares of the company's stock after acquiring an additional 28,017 shares during the period. Vontobel Holding Ltd.'s holdings in Snowflake were worth $11,134,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SNOW. Norges Bank acquired a new position in shares of Snowflake during the fourth quarter worth $988,950,000. FMR LLC boosted its position in shares of Snowflake by 84.9% during the 4th quarter. FMR LLC now owns 6,108,123 shares of the company's stock worth $943,155,000 after acquiring an additional 2,805,425 shares in the last quarter. GQG Partners LLC purchased a new stake in Snowflake during the fourth quarter worth approximately $750,572,000. Geode Capital Management LLC boosted its holdings in Snowflake by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company's stock valued at $642,742,000 after purchasing an additional 15,314 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Snowflake by 124.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,968,755 shares of the company's stock valued at $612,817,000 after purchasing an additional 2,200,406 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael L. Speiser sold 50,338 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $211.35, for a total value of $10,638,936.30. Following the transaction, the director owned 37,796 shares in the company, valued at approximately $7,988,184.60. This trade represents a 57.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeremy Burton sold 20,789 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $200.00, for a total transaction of $4,157,800.00. Following the sale, the director owned 7,428 shares of the company's stock, valued at approximately $1,485,600. This represents a 73.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,875,814 shares of company stock worth $403,367,676. Corporate insiders own 6.80% of the company's stock.

Snowflake Trading Up 2.0%

SNOW traded up $4.44 during trading on Thursday, hitting $221.78. The company's stock had a trading volume of 1,176,546 shares, compared to its average volume of 6,037,517. The stock has a market cap of $74.04 billion, a PE ratio of -52.79 and a beta of 1.22. The firm's 50 day moving average price is $195.35 and its 200-day moving average price is $174.42. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $225.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates 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%. Snowflake's revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. On average, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNOW. Raymond James Financial restated an "outperform" rating and issued a $212.00 target price (up previously from $196.00) on shares of Snowflake in a report on Thursday, May 22nd. Jefferies Financial Group raised their price objective on Snowflake from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, June 9th. CICC Research assumed coverage on Snowflake in a research report on Friday, June 20th. They set an "outperform" rating and a $225.00 target price on the stock. Stifel Nicolaus upped their target price on Snowflake from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Loop Capital lifted their price target on Snowflake from $220.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Snowflake has a consensus rating of "Moderate Buy" and an average price target of $225.36.

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.