Snowflake Inc. (NYSE:SNOW) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,491 shares of the company's stock after acquiring an additional 10,987 shares during the period. State of New Jersey Common Pension Fund D's holdings in Snowflake were worth $31,938,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Snowflake by 4.0% in the third quarter. Vanguard Group Inc. now owns 19,428,890 shares of the company's stock valued at $2,968,152,000 after buying an additional 743,211 shares in the last quarter. FMR LLC lifted its holdings in shares of Snowflake by 32.1% during the 3rd quarter. FMR LLC now owns 6,154,085 shares of the company's stock worth $940,160,000 after acquiring an additional 1,496,235 shares during the period. Northern Trust Corp boosted its holdings in Snowflake by 5.4% in the third quarter. Northern Trust Corp now owns 1,882,281 shares of the company's stock valued at $287,556,000 after acquiring an additional 95,814 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Snowflake by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 1,668,797 shares of the company's stock valued at $254,942,000 after buying an additional 79,825 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Snowflake by 69.9% in the third quarter. Wellington Management Group LLP now owns 1,515,224 shares of the company's stock worth $231,481,000 after buying an additional 623,277 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling

In other Snowflake news, EVP Grzegorz Czajkowski sold 683 shares of Snowflake stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the sale, the executive vice president now owns 86,208 shares of the company's stock, valued at approximately $13,915,695.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the sale, the executive vice president now owns 774,097 shares of the company's stock, valued at $121,053,288.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Grzegorz Czajkowski sold 683 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $110,249.86. Following the completion of the sale, the executive vice president now directly owns 86,208 shares of the company's stock, valued at approximately $13,915,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 168,209 shares of company stock worth $34,291,592 over the last ninety days. Company insiders own 8.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Monness Crespi & Hardt upgraded Snowflake from a "sell" rating to a "neutral" rating in a research note on Monday, March 18th. Citigroup lowered their price target on Snowflake from $290.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, March 4th. JMP Securities increased their price target on Snowflake from $212.00 to $235.00 and gave the company a "market outperform" rating in a research note on Thursday, February 29th. Royal Bank of Canada reduced their price objective on Snowflake from $255.00 to $246.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $175.00 target price (down from $230.00) on shares of Snowflake in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $202.00.

Snowflake Trading Up 3.7 %

Shares of NYSE SNOW traded up $5.60 during mid-day trading on Friday, reaching $158.11. 6,530,771 shares of the company's stock were exchanged, compared to its average volume of 6,529,940. Snowflake Inc. has a twelve month low of $138.40 and a twelve month high of $237.72. The firm has a market capitalization of $52.84 billion, a price-to-earnings ratio of -62.01 and a beta of 0.91. The business has a fifty day simple moving average of $171.35 and a 200 day simple moving average of $178.97.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. Equities research analysts predict that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

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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