National Pension Service Has $90.70 Million Holdings in Snowflake Inc. (NYSE:SNOW)

National Pension Service lifted its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 455,787 shares of the company's stock after acquiring an additional 7,523 shares during the quarter. National Pension Service owned approximately 0.14% of Snowflake worth $90,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Provence Wealth Management Group bought a new position in shares of Snowflake during the third quarter valued at approximately $30,000. M&R Capital Management Inc. boosted its stake in shares of Snowflake by 100.0% during the fourth quarter. M&R Capital Management Inc. now owns 200 shares of the company's stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Snowflake by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company's stock valued at $40,000 after purchasing an additional 52 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Snowflake by 54.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company's stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in Snowflake by 89.0% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company's stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Snowflake

In related news, EVP Grzegorz Czajkowski sold 683 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $161.42, for a total transaction of $110,249.86. Following the completion of the sale, the executive vice president now owns 86,208 shares of the company's stock, valued at approximately $13,915,695.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $230.00, for a total value of $2,300,000.00. Following the completion of the sale, the senior vice president now owns 726,567 shares of the company's stock, valued at approximately $167,110,410. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction 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. In the last quarter, insiders sold 72,380 shares of company stock valued at $12,206,900. Corporate insiders own 8.30% of the company's stock.

Snowflake Stock Performance

Shares of SNOW traded down $1.93 during mid-day trading on Thursday, hitting $155.86. 2,555,109 shares of the company were exchanged, compared to its average volume of 6,231,336. Snowflake Inc. has a 1-year low of $138.40 and a 1-year high of $237.72. The company has a 50 day moving average of $158.91 and a 200-day moving average of $179.12. The stock has a market cap of $52.09 billion, a price-to-earnings ratio of -61.56 and a beta of 0.90.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays lowered their target price on shares of Snowflake from $198.00 to $188.00 and set an "equal weight" rating for the company in a research note on Friday, March 1st. Wedbush lifted their price objective on shares of Snowflake from $144.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Needham & Company LLC lowered their price objective on shares of Snowflake from $265.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, February 29th. KeyCorp began coverage on shares of Snowflake in a research note on Thursday, April 11th. They set an "overweight" rating and a $185.00 price objective for the company. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $230.00 price objective on shares of Snowflake in a research note on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $202.77.

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.