Vestmark Advisory Solutions Inc. Sells 422 Shares of Snowflake Inc. (NYSE:SNOW)

Vestmark Advisory Solutions Inc. lowered its position in shares of Snowflake Inc. (NYSE:SNOW) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,505 shares of the company’s stock after selling 422 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Snowflake were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank grew its position in Snowflake by 24.1% during the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after buying an additional 7,239 shares in the last quarter. Prospect Financial Services LLC acquired a new stake in Snowflake during the fourth quarter worth approximately $288,000. Independent Advisor Alliance grew its position in Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after buying an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Snowflake by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock worth $104,028,000 after buying an additional 8,857 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new stake in Snowflake during the fourth quarter worth approximately $5,851,000. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the completion of the sale, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at $123,625,813. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Emily Ho sold 1,508 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at $7,303,489.20. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,193 shares of company stock valued at $50,096,313. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SNOW shares. UBS Group increased their price target on Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Truist Financial reaffirmed a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Snowflake in a report on Thursday, February 27th. Canaccord Genuity Group raised their target price on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Barclays raised their target price on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Bank of America raised their target price on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $202.92.

Snowflake Stock Performance

SNOW stock opened at $158.54 on Friday. The stock has a 50-day moving average price of $173.79 and a 200-day moving average price of $147.00. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07.

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.