Vinva Investment Management Ltd Has $1.07 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Vinva Investment Management Ltd raised its position in Snowflake Inc. (NYSE:SNOW) by 27.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,384 shares of the company’s stock after purchasing an additional 1,996 shares during the quarter. Vinva Investment Management Ltd’s holdings in Snowflake were worth $1,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC raised its stake in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 112 shares during the last quarter. Wellington Shields Capital Management LLC bought a new position in shares of Snowflake in the second quarter worth about $27,000. V Square Quantitative Management LLC bought a new position in shares of Snowflake in the third quarter worth about $30,000. Opal Wealth Advisors LLC bought a new position in shares of Snowflake in the second quarter worth about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Snowflake in the second quarter worth about $41,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Snowflake from $142.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. DA Davidson reissued a “buy” rating and set a $175.00 price target on shares of Snowflake in a research note on Thursday, October 3rd. Truist Financial reissued a “buy” rating and set a $210.00 price target on shares of Snowflake in a research note on Thursday, November 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $180.00 price target on shares of Snowflake in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.09.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 1,606 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $176,595.76. Following the sale, the director now directly owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $61,357.68. Following the sale, the executive vice president now directly owns 759,473 shares in the company, valued at $83,511,651.08. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,661 shares of company stock valued at $32,004,752. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Trading Up 0.6 %

NYSE SNOW opened at $174.83 on Friday. The firm’s fifty day moving average price is $126.17 and its two-hundred day moving average price is $128.74. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The firm has a market capitalization of $58.60 billion, a P/E ratio of -51.57 and a beta of 0.83.

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.