Tokio Marine Asset Management Co. Ltd. Purchases 519 Shares of Snowflake Inc. (NYSE:SNOW)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Snowflake Inc. (NYSE:SNOW) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,937 shares of the company’s stock after buying an additional 519 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Snowflake were worth $1,380,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SNOW. Ulland Investment Advisors LLC increased its position in shares of Snowflake by 270.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Provence Wealth Management Group bought a new position in shares of Snowflake during the third quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. grew its stake in Snowflake by 54.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Snowflake by 89.0% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock valued at $31,000 after purchasing an additional 97 shares during the last quarter. Finally, M&R Capital Management Inc. raised its stake in shares of Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Stock Performance

SNOW traded up $5.43 during trading on Friday, hitting $157.93. 1,126,225 shares of the stock were exchanged, compared to its average volume of 6,459,902. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72. The firm has a 50 day simple moving average of $171.35 and a 200 day simple moving average of $178.97. The firm has a market cap of $52.78 billion, a price-to-earnings ratio of -59.80 and a beta of 0.91.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The company had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. As a group, equities analysts anticipate that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SNOW shares. JMP Securities boosted their price objective on Snowflake from $212.00 to $235.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 29th. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Oppenheimer lowered their price target on Snowflake from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Barclays reduced their price objective on Snowflake from $198.00 to $188.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Finally, Evercore ISI dropped their price objective on Snowflake from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Insider Transactions at Snowflake

In other news, insider Benoit Dageville sold 689 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $161.42, for a total transaction of $111,218.38. Following the completion of the sale, the insider now directly owns 70,665 shares in the company, valued at approximately $11,406,744.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Snowflake news, insider Benoit Dageville sold 689 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $111,218.38. Following the sale, the insider now owns 70,665 shares in the company, valued at $11,406,744.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Christopher William Degnan sold 12,533 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $200.04, for a total transaction of $2,507,101.32. Following the completion of the transaction, the executive now directly owns 98,172 shares of the company’s stock, valued at approximately $19,638,326.88. The disclosure for this sale can be found here. Insiders have sold 168,209 shares of company stock valued at $34,291,592 in the last quarter. 8.30% of the stock is currently owned by corporate insiders.

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.