Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.39 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Snowflake Inc. (NYSE:SNOW) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,300 shares of the company’s stock after selling 1,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Snowflake were worth $10,392,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SNOW. Blue Trust Inc. boosted its holdings in Snowflake by 168.5% in the third quarter. Blue Trust Inc. now owns 1,407 shares of the company’s stock worth $162,000 after acquiring an additional 883 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Snowflake by 73.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 792 shares of the company’s stock worth $91,000 after buying an additional 335 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Snowflake by 13.0% in the third quarter. Signaturefd LLC now owns 2,161 shares of the company’s stock valued at $248,000 after buying an additional 248 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Snowflake by 12,318.3% in the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after buying an additional 526,608 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Snowflake by 2,650.2% during the 3rd quarter. Allworth Financial LP now owns 18,674 shares of the company’s stock valued at $2,145,000 after purchasing an additional 17,995 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 1,508 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the transaction, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president now directly owns 691,755 shares of the company’s stock, valued at $124,515,900. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,324 shares of company stock valued at $66,935,828 in the last quarter. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE:SNOW opened at $177.79 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $235.66. The business has a 50 day moving average price of $172.88 and a 200-day moving average price of $144.17. The firm has a market cap of $58.69 billion, a PE ratio of -52.45 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNOW. TD Cowen increased their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Monness Crespi & Hardt lifted their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Piper Sandler lifted their price target on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Wedbush set a $210.00 price objective on Snowflake in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their target price on Snowflake from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

About Snowflake

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.