Generali Asset Management SPA SGR Takes $1.47 Million Position in Snowflake Inc. (NYSE:SNOW)

Generali Asset Management SPA SGR purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,505 shares of the company’s stock, valued at approximately $1,468,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Dedication LLC increased its stake in Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after purchasing an additional 59 shares in the last quarter. Breakwater Capital Group boosted its holdings in Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after acquiring an additional 69 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock worth $64,000 after acquiring an additional 74 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Snowflake by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 0.8 %

SNOW stock opened at $157.23 on Friday. 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 company’s 50 day moving average is $172.83 and its 200 day moving average is $149.04. The stock has a market cap of $51.90 billion, a price-to-earnings ratio of -46.38 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Cowen lifted their price objective on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective on the stock in a report on Tuesday, February 18th. Cantor Fitzgerald lifted their price objective on shares of Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Oppenheimer boosted their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price target on shares of Snowflake from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $205.08.

Insider Buying and Selling

In related news, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at $7,303,489.20. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 861 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $165.31, for a total value of $142,331.91. Following the completion of the transaction, the executive vice president now owns 582,930 shares of the company’s stock, valued at approximately $96,364,158.30. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,429 shares of company stock worth $50,065,812. 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.