Snowflake Inc. (NYSE:SNOW) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,265 shares of the company’s stock after selling 239 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Snowflake were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Asset Dedication LLC raised its position in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after purchasing an additional 59 shares during the period. Breakwater Capital Group raised its holdings in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after buying an additional 62 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Snowflake by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after buying an additional 90 shares during the period. Catalyst Private Wealth LLC lifted its position in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Snowflake by 21.1% in the 4th quarter. First Horizon Advisors Inc. now owns 621 shares of the company’s stock worth $96,000 after acquiring an additional 108 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Up 4.6 %

SNOW opened at $173.78 on Friday. The stock’s 50 day moving average price is $172.98 and its 200 day moving average price is $145.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $57.36 billion, a P/E ratio of -51.26 and a beta of 1.07. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $233.88.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SNOW shares. Piper Sandler boosted their target price on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup lifted their price target on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI boosted their price target on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, Rosenblatt Securities raised their price objective on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.92.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated 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 $103,121,445. This represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.06, for a total transaction of $2,224,834.92. Following the sale, the executive now owns 323,731 shares in the company, valued at $56,348,617.86. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 312,193 shares of company stock valued at $52,833,048. 7.80% of the stock is currently owned by corporate insiders.

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.