Watts Gwilliam & Co. LLC Has $224,000 Stake in Snowflake Inc. (NYSE:SNOW)

Watts Gwilliam & Co. LLC trimmed its stake in Snowflake Inc. (NYSE:SNOW) by 90.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,410 shares of the company’s stock after selling 13,823 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Snowflake were worth $224,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SNOW. Acadian Asset Management LLC grew its holdings in Snowflake by 190.2% during the 2nd quarter. Acadian Asset Management LLC now owns 8,652 shares of the company’s stock worth $1,166,000 after acquiring an additional 5,671 shares during the period. Andra AP fonden acquired a new stake in Snowflake during the 2nd quarter worth about $3,229,000. American Century Companies Inc. grew its holdings in Snowflake by 5.8% during the 2nd quarter. American Century Companies Inc. now owns 707,397 shares of the company’s stock worth $95,562,000 after acquiring an additional 38,966 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Snowflake by 51.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 21,798 shares of the company’s stock worth $2,945,000 after acquiring an additional 7,389 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Snowflake by 1.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 230,590 shares of the company’s stock worth $31,121,000 after acquiring an additional 3,490 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Christopher William Degnan sold 76,692 shares of Snowflake stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the completion of the transaction, the executive now owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 in the last quarter. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNOW shares. Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Friday. KeyCorp increased their price objective on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Truist Financial reissued a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Evercore ISI increased their price objective on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $190.00 price objective on shares of Snowflake in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $187.11.

Snowflake Trading Up 1.0 %

Shares of SNOW stock opened at $162.65 on Friday. The company has a 50 day moving average of $156.42 and a 200-day moving average of $133.87. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The firm has a market cap of $53.69 billion, a P/E ratio of -47.98 and a beta of 1.05.

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.