Snowflake Inc. (NYSE:SNOW) Stake Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 13.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,157 shares of the company’s stock after selling 7,548 shares during the quarter. Vontobel Holding Ltd.’s holdings in Snowflake were worth $7,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its holdings in Snowflake by 4.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,225 shares of the company’s stock worth $18,756,000 after purchasing an additional 4,597 shares in the last quarter. Clarity Capital Partners LLC raised its holdings in Snowflake by 7.3% during the fourth quarter. Clarity Capital Partners LLC now owns 13,399 shares of the company’s stock worth $2,069,000 after purchasing an additional 909 shares in the last quarter. Van ECK Associates Corp raised its holdings in Snowflake by 90.2% during the fourth quarter. Van ECK Associates Corp now owns 8,194 shares of the company’s stock worth $1,265,000 after purchasing an additional 3,886 shares in the last quarter. UNICOM Systems Inc. bought a new stake in Snowflake during the fourth quarter worth approximately $2,091,000. Finally, Stonebridge Financial Group LLC bought a new stake in Snowflake during the fourth quarter worth approximately $29,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Down 2.5 %

Shares of NYSE:SNOW opened at $187.86 on Friday. The stock has a market capitalization of $62.01 billion, a PE ratio of -55.42 and a beta of 1.07. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $236.33. The firm has a fifty day moving average price of $171.51 and a 200 day moving average price of $141.67. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the completion of the sale, the executive now directly owns 308,164 shares in the company, valued at $56,045,786.68. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the sale, the executive vice president now owns 690,647 shares of the company’s stock, valued at $123,625,813. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 516,933 shares of company stock worth $88,283,752. Corporate insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of several recent analyst reports. Monness Crespi & Hardt boosted their target price on Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. Truist Financial restated a “buy” rating and issued a $210.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Wedbush upgraded shares of Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Oppenheimer lifted their price target on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.63.

Snowflake 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.