Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Snowflake Inc. (NYSE:SNOW)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 87,966 shares of the company’s stock after purchasing an additional 2,259 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Snowflake were worth $13,583,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Groupama Asset Managment acquired a new stake in Snowflake during the third quarter worth approximately $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Snowflake during the 4th quarter worth $29,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 144 shares during the last quarter. Perkins Coie Trust Co grew its position in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Snowflake in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

Snowflake stock opened at $152.59 on Thursday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $50.37 billion, a P/E ratio of -45.01 and a beta of 1.07. The stock has a 50 day moving average of $173.51 and a 200-day moving average of $147.59.

Analysts Set New Price Targets

A number of analysts have issued reports on SNOW shares. JMP Securities reissued a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Rosenblatt Securities raised their target price on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. KeyCorp upped their price target on shares of Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Loop Capital increased their price target on shares of Snowflake from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Mizuho boosted their price objective on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $202.92.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 3,029 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total value of $517,959.00. Following the completion of the sale, the executive vice president now directly owns 684,639 shares of the company’s stock, valued at $117,073,269. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total value of $1,148,094.00. Following the sale, the director now owns 196,454 shares in the company, valued at $33,593,634. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,391 shares of company stock valued at $50,053,371 over the last ninety days. Corporate 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.