Edmond DE Rothschild Holding S.A. Has $2.57 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Edmond DE Rothschild Holding S.A. raised its holdings in Snowflake Inc. (NYSE:SNOW) by 34.4% in the fourth quarter, Holdings Channel reports. The fund owned 16,644 shares of the company’s stock after acquiring an additional 4,256 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Snowflake were worth $2,570,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SNOW. Wellington Management Group LLP grew its position in shares of Snowflake by 1,325.2% in the 4th quarter. Wellington Management Group LLP now owns 108,527 shares of the company’s stock valued at $16,758,000 after purchasing an additional 100,912 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Snowflake by 31.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 12,590 shares of the company’s stock valued at $1,944,000 after buying an additional 2,985 shares during the period. Clearbridge Investments LLC increased its position in shares of Snowflake by 6.1% during the fourth quarter. Clearbridge Investments LLC now owns 1,177,057 shares of the company’s stock worth $181,749,000 after acquiring an additional 68,158 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Snowflake by 7.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,787 shares of the company’s stock valued at $1,254,000 after acquiring an additional 526 shares in the last quarter. Finally, IPG Investment Advisors LLC bought a new stake in Snowflake in the 4th quarter valued at $362,000. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now owns 292,610 shares of the company’s stock, valued at $47,756,878.10. This represents a 50.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 503,968 shares of company stock valued at $84,363,550. 7.80% of the stock is owned by company insiders.

Snowflake Stock Down 2.9 %

SNOW stock opened at $146.29 on Tuesday. The business’s fifty day moving average price is $171.49 and its two-hundred day moving average price is $151.82. The stock has a market capitalization of $48.29 billion, a price-to-earnings ratio of -43.15 and a beta of 1.07. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a research note on Tuesday, February 18th. Cantor Fitzgerald boosted their target price on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. KeyCorp boosted their price objective 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. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $203.83.

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.