Mn Services Vermogensbeheer B.V. Has $17.23 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Mn Services Vermogensbeheer B.V. grew its position in Snowflake Inc. (NYSE:SNOW) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,600 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Snowflake were worth $17,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Groupama Asset Managment bought a new stake in Snowflake during the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake during the fourth quarter worth approximately $29,000. Fortitude Family Office LLC bought a new stake in shares of Snowflake in the third quarter valued at approximately $34,000. Perkins Coie Trust Co grew its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Snowflake during the fourth quarter worth $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of SNOW stock opened at $173.78 on Friday. The firm’s 50 day moving average price is $172.98 and its two-hundred day moving average price is $145.14. 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 52-week low of $107.13 and a 52-week high of $233.88. The stock has a market cap of $57.36 billion, a PE ratio of -51.26 and a beta of 1.07.

Analyst Ratings Changes

Several analysts have issued reports on SNOW shares. Wells Fargo & Company raised their price target on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America lifted their target price on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. TD Cowen raised their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group boosted their price objective on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Christopher William Degnan sold 12,782 shares of the business’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 owns 323,731 shares of the company’s stock, valued at approximately $56,348,617.86. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 312,193 shares of company stock worth $52,833,048 in the last three months. Insiders own 7.80% of the company’s stock.

Snowflake Company 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.