Sigma Planning Corp cut its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 42.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,992 shares of the company’s stock after selling 1,495 shares during the period. Sigma Planning Corp’s holdings in Snowflake were worth $308,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC grew its holdings 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 purchasing an additional 3,662,671 shares during the period. State Street Corp lifted its position in shares of Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after buying an additional 54,909 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Snowflake by 3.5% during the 3rd 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 period. Two Sigma Advisers LP increased its holdings in shares of Snowflake by 27.9% during the 3rd 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 raised its stake in Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after acquiring an additional 2,559,144 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price for the company in a report on Tuesday, February 18th. Cantor Fitzgerald increased their price target on shares of Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday. Rosenblatt Securities raised their price objective on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their target price on Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.92.

Get Our Latest Stock Report on SNOW

Snowflake Stock Up 1.8 %

Shares of NYSE:SNOW opened at $176.76 on Friday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The company has a market capitalization of $58.35 billion, a PE ratio of -52.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a fifty day moving average of $173.19 and a 200-day moving average of $145.51.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 195,281 shares of the company’s stock, valued at $30,268,555. The trade was a 33.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 312,193 shares of company stock valued at $52,833,048 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Company Profile

(Free Report)

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.

Further Reading

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