Consolidated Press International Holdings Ltd. Purchases 15,018 Shares of Snowflake Inc. (NYSE:SNOW)

Consolidated Press International Holdings Ltd. boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 70.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,439 shares of the company’s stock after buying an additional 15,018 shares during the period. Snowflake makes up approximately 0.7% of Consolidated Press International Holdings Ltd.’s investment portfolio, making the stock its 10th largest position. Consolidated Press International Holdings Ltd.’s holdings in Snowflake were worth $4,185,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SNOW. Comerica Bank grew its stake in Snowflake by 17.2% during the first quarter. Comerica Bank now owns 29,267 shares of the company’s stock worth $4,729,000 after buying an additional 4,296 shares in the last quarter. Cetera Investment Advisers grew its stake in Snowflake by 201.5% during the first quarter. Cetera Investment Advisers now owns 63,688 shares of the company’s stock worth $10,292,000 after buying an additional 42,563 shares in the last quarter. Cetera Advisors LLC grew its stake in Snowflake by 76.5% during the first quarter. Cetera Advisors LLC now owns 28,831 shares of the company’s stock worth $4,659,000 after buying an additional 12,497 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Snowflake by 23.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 227,100 shares of the company’s stock valued at $37,484,000 after purchasing an additional 43,062 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Snowflake by 30.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $72,000 after purchasing an additional 108 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CRO Christopher William Degnan sold 76,692 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the completion of the sale, the executive now directly owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This trade represents a 18.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 20,514 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $175.26, for a total value of $3,595,283.64. Following the completion of the sale, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,582,896.10. This trade represents a 8.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,661 shares of company stock worth $32,004,752. Company insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Mizuho raised their price target on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their price target on shares of Snowflake from $125.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Scotiabank cut their target price on shares of Snowflake from $195.00 to $165.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 22nd. Finally, Citigroup lowered their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $181.09.

Snowflake Stock Performance

Shares of SNOW opened at $174.83 on Friday. The stock has a market capitalization of $58.60 billion, a PE ratio of -51.57 and a beta of 0.83. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The company’s 50-day simple moving average is $126.17 and its 200-day simple moving average is $128.74.

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.