Assenagon Asset Management S.A. Has $10.67 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Assenagon Asset Management S.A. lifted its position in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,617 shares of the company’s stock after purchasing an additional 6,408 shares during the period. Assenagon Asset Management S.A.’s holdings in Snowflake were worth $10,670,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ulland Investment Advisors LLC boosted its holdings in shares of Snowflake by 270.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after buying an additional 135 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Provence Wealth Management Group bought a new stake in shares of Snowflake during the 3rd quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Snowflake by 54.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Snowflake by 89.0% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock worth $31,000 after buying an additional 97 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on SNOW shares. Stifel Nicolaus reduced their target price on shares of Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Oppenheimer cut their price objective on shares of Snowflake from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Piper Sandler reissued an “overweight” rating and issued a $250.00 price objective on shares of Snowflake in a report on Tuesday, February 27th. Guggenheim raised shares of Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Finally, Truist Financial cut their price objective on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.50.

Check Out Our Latest Report on Snowflake

Insider Activity

In other news, CEO Frank Slootman sold 86,078 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $225.13, for a total value of $19,378,740.14. Following the sale, the chief executive officer now directly owns 180,143 shares of the company’s stock, valued at approximately $40,555,593.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Frank Slootman sold 86,078 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $225.13, for a total value of $19,378,740.14. Following the sale, the chief executive officer now directly owns 180,143 shares of the company’s stock, valued at approximately $40,555,593.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sridhar Ramaswamy acquired 31,542 shares of Snowflake stock in a transaction dated Monday, March 25th. The stock was purchased at an average cost of $158.52 per share, for a total transaction of $5,000,037.84. Following the completion of the purchase, the chief executive officer now owns 31,542 shares in the company, valued at approximately $5,000,037.84. The disclosure for this purchase can be found here. In the last three months, insiders have sold 184,355 shares of company stock valued at $37,679,411. 8.30% of the stock is currently owned by insiders.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $161.60 on Friday. Snowflake Inc. has a 52-week low of $135.26 and a 52-week high of $237.72. The firm has a 50 day moving average price of $194.80 and a two-hundred day moving average price of $179.24. The stock has a market cap of $53.21 billion, a P/E ratio of -63.37 and a beta of 0.94.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $759.86 million. Analysts predict that Snowflake Inc. will post -1.92 earnings per share for the current fiscal year.

Snowflake Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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