Nomura Holdings Inc. Boosts Holdings in Snowflake Inc. (NYSE:SNOW)

Nomura Holdings Inc. increased its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,223 shares of the company's stock after purchasing an additional 3,391 shares during the period. Nomura Holdings Inc.'s holdings in Snowflake were worth $6,983,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SNOW. Asset Dedication LLC raised its holdings in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after acquiring an additional 59 shares in the last quarter. Quarry LP lifted its stake in Snowflake by 9.8% during the fourth quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group boosted its holdings in shares of Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock valued at $454,000 after purchasing an additional 62 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after buying an additional 65 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $168.01, for a total transaction of $67,708.03. Following the sale, the director now owns 25,972 shares of the company's stock, valued at approximately $4,363,555.72. The trade was a 1.53% 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, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the transaction, the executive vice president now owns 594,975 shares in the company, valued at $102,186,956.25. The trade was a 2.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,963 shares of company stock worth $58,204,058. Corporate insiders own 7.80% of the company's stock.

Snowflake Stock Up 0.3%

Shares of NYSE:SNOW traded up $0.61 during midday trading on Tuesday, hitting $182.66. The stock had a trading volume of 1,652,268 shares, compared to its average volume of 6,388,423. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The business's 50-day simple moving average is $156.24 and its 200-day simple moving average is $162.11. The company has a market cap of $60.29 billion, a P/E ratio of -53.86 and a beta of 1.11. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SNOW shares. Wells Fargo & Company dropped their price target on shares of Snowflake from $215.00 to $200.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup upped their price objective on shares of Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Macquarie started coverage on shares of Snowflake in a report on Wednesday, April 2nd. They set a "neutral" rating and a $160.00 price objective on the stock. Wolfe Research upgraded Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target for the company in a report on Tuesday, February 18th. Finally, Loop Capital increased their price target on shares of Snowflake from $205.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $201.00.

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.