Snowflake Inc. (NYSE:SNOW) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lowered its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 15.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,800 shares of the company’s stock after selling 1,100 shares during the period. UniSuper Management Pty Ltd’s holdings in Snowflake were worth $896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC lifted its holdings in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after purchasing an additional 59 shares during the period. Breakwater Capital Group raised its position in shares of 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 buying an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Snowflake by 0.6% in 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 period. Larson Financial Group LLC boosted its holdings in shares of Snowflake by 21.8% in the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after acquiring an additional 74 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of a number of research reports. Oppenheimer increased their price target on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Loop Capital raised their target price on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Scotiabank upped their price target on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group increased their target price on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.83.

Snowflake Trading Down 2.9 %

Snowflake stock opened at $146.29 on Tuesday. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company’s fifty day moving average price is $171.49 and its two-hundred day moving average price is $151.82. The company has a market capitalization of $48.29 billion, a price-to-earnings ratio of -43.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Activity

In related news, CFO Michael Scarpelli sold 300,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares of the company’s stock, valued at approximately $47,756,878.10. This represents a 50.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 7,908 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $154.67, for a total transaction of $1,223,130.36. Following the transaction, the executive vice president now directly owns 600,632 shares of the company’s stock, valued at approximately $92,899,751.44. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 503,968 shares of company stock valued at $84,363,550. 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.