Coldstream Capital Management Inc. Sells 239 Shares of Snowflake Inc. (NYSE:SNOW)

Coldstream Capital Management Inc. lowered its position in Snowflake Inc. (NYSE:SNOW) by 11.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,823 shares of the company’s stock after selling 239 shares during the period. Coldstream Capital Management Inc.’s holdings in Snowflake were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. LRI Investments LLC increased its holdings in Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares during the last quarter. Groupama Asset Managment bought a new position in Snowflake during the third quarter valued at approximately $25,000. Wellington Shields Capital Management LLC purchased a new position in Snowflake during the 2nd quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new stake in Snowflake in the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Snowflake during the 3rd quarter worth approximately $34,000. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other Snowflake news, insider Benoit Dageville sold 287 shares of Snowflake stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total value of $31,974.67. Following the transaction, the insider now directly owns 53,250 shares of the company’s stock, valued at approximately $5,932,582.50. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the transaction, the executive vice president now directly owns 690,647 shares in the company, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 283,158 shares of company stock valued at $46,709,467. Corporate insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SNOW shares. Canaccord Genuity Group reduced their price target on shares of Snowflake from $215.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Robert W. Baird decreased their target price on shares of Snowflake from $200.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Mizuho lifted their price target on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Argus assumed coverage on Snowflake in a research report on Tuesday, October 1st. They set a “hold” rating on the stock. Finally, Wedbush upgraded Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $184.46.

Snowflake Stock Down 1.0 %

Snowflake stock opened at $170.83 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $56.39 billion, a P/E ratio of -50.39 and a beta of 1.03. The business has a fifty day moving average of $141.26 and a two-hundred day moving average of $130.00. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72.

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.