Snowflake Inc. (NYSE:SNOW) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 38.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,675 shares of the company’s stock after selling 12,675 shares during the period. John G Ullman & Associates Inc.’s holdings in Snowflake were worth $3,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jennison Associates LLC boosted its position in Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares during the last quarter. State Street Corp boosted its position in Snowflake by 0.8% during the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock worth $788,755,000 after acquiring an additional 54,909 shares during the last quarter. Geode Capital Management LLC boosted its position in Snowflake by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock worth $475,894,000 after acquiring an additional 138,663 shares during the last quarter. Two Sigma Advisers LP boosted its position in Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,193 shares of company stock worth $52,833,048 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Up 1.8 %

NYSE SNOW opened at $176.76 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The stock has a market capitalization of $58.35 billion, a PE ratio of -52.14 and a beta of 1.07. The firm has a 50 day moving average of $173.19 and a two-hundred day moving average of $145.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday. Canaccord Genuity Group lifted their target price on shares of Snowflake from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. TD Cowen lifted their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. KeyCorp lifted their target price on shares of Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $202.92.

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.