Snowflake Inc. (NYSE:SNOW) Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 67.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172 shares of the company’s stock after selling 356 shares during the quarter. Versant Capital Management Inc’s holdings in Snowflake were worth $27,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SNOW. Toronto Dominion Bank boosted its holdings in shares of Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after buying an additional 7,239 shares during the period. Independent Advisor Alliance lifted its holdings in Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after acquiring an additional 548 shares during the last quarter. Franklin Resources Inc. boosted its stake in Snowflake by 1.4% in the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after acquiring an additional 7,373 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Snowflake by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company’s stock valued at $143,289,000 after purchasing an additional 36,704 shares during the last quarter. Finally, Sender Co & Partners Inc. raised its position in shares of Snowflake by 100.9% during the 3rd quarter. Sender Co & Partners Inc. now owns 8,522 shares of the company’s stock worth $979,000 after purchasing an additional 4,280 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Scotiabank boosted their price target on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Mizuho lifted their price objective on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Evercore ISI boosted their target price on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada raised their price target on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.11.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 45,896 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now owns 208,735 shares in the company, valued at $36,749,884.10. This represents a 18.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the sale, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 406,904 shares of company stock worth $66,145,855. 7.80% of the stock is owned by corporate insiders.

Snowflake Price Performance

SNOW stock opened at $158.85 on Wednesday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The firm has a 50-day moving average of $153.71 and a two-hundred day moving average of $133.22. The firm has a market capitalization of $52.44 billion, a PE ratio of -46.86 and a beta of 1.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.