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

Nomura Holdings Inc. boosted 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 Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of SNOW. Capital Investment Advisors LLC raised its position in shares of Snowflake by 27.2% in the fourth quarter. Capital Investment Advisors LLC now owns 2,567 shares of the company's stock worth $396,000 after acquiring an additional 549 shares during the period. Claro Advisors LLC purchased a new stake in shares of Snowflake during the fourth quarter worth about $231,000. Pallas Capital Advisors LLC increased its stake in shares of Snowflake by 83.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,990 shares of the company's stock worth $771,000 after purchasing an additional 2,271 shares in the last quarter. Breakwater Capital Group increased its stake in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after purchasing an additional 62 shares in the last quarter. Finally, Ignite Planners LLC increased its stake in shares of Snowflake by 5.3% during the fourth quarter. Ignite Planners LLC now owns 2,797 shares of the company's stock worth $454,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Transactions at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. This represents a 50.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the firm'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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,963 shares of company stock worth $58,204,058. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SNOW shares. Evercore ISI boosted their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Canaccord Genuity Group boosted their target price on shares of Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. KeyCorp cut their target price on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company cut their target price 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. Finally, Royal Bank of Canada boosted their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $200.28.

Snowflake Trading Up 0.0%

Shares of SNOW stock traded up $0.04 during trading hours on Friday, hitting $183.01. The company had a trading volume of 3,414,758 shares, compared to its average volume of 6,416,944. The company's fifty day moving average is $155.65 and its 200 day moving average is $161.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a market capitalization of $60.41 billion, a PE ratio of -53.98 and a beta of 1.11.

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.