Generali Investments Towarzystwo Funduszy Inwestycyjnych Reduces Position in Snowflake Inc. (NYSE:SNOW)

Generali Investments Towarzystwo Funduszy Inwestycyjnych decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,700 shares of the company’s stock after selling 500 shares during the quarter. Snowflake comprises about 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 16th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Snowflake were worth $2,887,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the 4th quarter valued at about $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake during the 3rd quarter valued at about $25,000. Perkins Coie Trust Co boosted its position in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after acquiring an additional 230 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of Snowflake stock opened at $173.78 on Friday. The firm has a market capitalization of $57.36 billion, a P/E ratio of -51.26 and a beta of 1.07. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $233.88. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $172.98 and its two-hundred day moving average is $145.14.

Analyst Ratings Changes

SNOW has been the topic of several recent research reports. Monness Crespi & Hardt boosted their price target on shares of Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group upped their target price on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. Scotiabank upped their target price on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company upped their target price on shares of Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $202.92.

Insider Buying and Selling at Snowflake

In other news, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.06, for a total transaction of $2,224,834.92. Following the transaction, the executive now directly owns 323,731 shares in the company, valued at approximately $56,348,617.86. This trade represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the transaction, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 312,193 shares of company stock worth $52,833,048 over the last three months. Insiders own 7.80% of the company’s stock.

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.