Bank Julius Baer & Co. Ltd Zurich Purchases 4,747 Shares of Snowflake Inc. (NYSE:SNOW)

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 54.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,417 shares of the company’s stock after buying an additional 4,747 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Snowflake were worth $2,670,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SNOW. FMR LLC grew its holdings in Snowflake by 32.1% during the third quarter. FMR LLC now owns 6,154,085 shares of the company’s stock worth $940,160,000 after buying an additional 1,496,235 shares in the last quarter. Winslow Capital Management LLC bought a new position in Snowflake in the 3rd quarter valued at $226,302,000. Vanguard Group Inc. grew its stake in Snowflake by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 19,428,890 shares of the company’s stock valued at $2,968,152,000 after purchasing an additional 743,211 shares during the period. Wellington Management Group LLP grew its stake in Snowflake by 69.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,515,224 shares of the company’s stock valued at $231,481,000 after purchasing an additional 623,277 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Snowflake by 19,321.5% in the 4th quarter. International Assets Investment Management LLC now owns 508,843 shares of the company’s stock valued at $101,260,000 after purchasing an additional 506,223 shares during the period. Institutional investors own 65.10% of the company’s stock.

Insider Activity

In related news, CAO Emily Ho sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $156.98, for a total transaction of $235,470.00. Following the transaction, the chief accounting officer now directly owns 28,393 shares in the company, valued at approximately $4,457,133.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Emily Ho sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $156.98, for a total transaction of $235,470.00. Following the transaction, the chief accounting officer now directly owns 28,393 shares in the company, valued at approximately $4,457,133.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Christopher William Degnan sold 12,533 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $200.04, for a total value of $2,507,101.32. Following the transaction, the executive now owns 98,172 shares in the company, valued at $19,638,326.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,209 shares of company stock worth $34,291,592. 8.30% of the stock is currently owned by insiders.

Snowflake Trading Up 3.7 %

Shares of Snowflake stock opened at $158.11 on Friday. The business’s 50-day moving average price is $169.91 and its 200-day moving average price is $178.94. Snowflake Inc. has a 12 month low of $138.40 and a 12 month high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. As a group, sell-side analysts anticipate that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SNOW shares. Stifel Nicolaus reduced their price objective on Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. UBS Group upped their price objective on Snowflake from $185.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Redburn Atlantic reaffirmed a “sell” rating and set a $125.00 price target (down previously from $180.00) on shares of Snowflake in a research report on Tuesday, March 19th. Truist Financial dropped their price target on Snowflake from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Raymond James upped their price target on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

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.