Snowflake Inc. (NYSE:SNOW) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its position in Snowflake Inc. (NYSE:SNOW) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,300 shares of the company’s stock after selling 1,200 shares during the quarter. Forsta AP Fonden’s holdings in Snowflake were worth $9,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Asset Dedication LLC increased its stake in shares of Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after acquiring an additional 59 shares during the period. Breakwater Capital Group raised its stake 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. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Snowflake by 31.0% in 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. Modus Advisors LLC grew its holdings in Snowflake by 3.9% during the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after acquiring an additional 94 shares during the period. Finally, Catalyst Private Wealth LLC raised its position in Snowflake by 3.2% in the third 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. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Snowflake news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the transaction, the chief accounting officer now owns 44,760 shares in the company, valued at approximately $7,303,489.20. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the business’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 sale, the executive vice president now directly owns 690,647 shares in the company, valued at $123,625,813. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 504,151 shares of company stock worth $84,973,139 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

Snowflake Price Performance

NYSE SNOW opened at $179.42 on Friday. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The firm has a market capitalization of $59.23 billion, a PE ratio of -52.93 and a beta of 1.05. The company’s 50 day simple moving average is $169.02 and its 200 day simple moving average is $137.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho increased their target price on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wedbush raised Snowflake from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group upped their target price on Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Truist Financial reaffirmed a “buy” rating and set a $210.00 price target on shares of Snowflake in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald initiated coverage on shares of Snowflake in a report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $188.06.

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.