Sivia Capital Partners LLC Sells 7,732 Shares of Snowflake Inc. (NYSE:SNOW)

Sivia Capital Partners LLC trimmed its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 50.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,696 shares of the company's stock after selling 7,732 shares during the period. Snowflake accounts for approximately 0.6% of Sivia Capital Partners LLC's portfolio, making the stock its 24th largest position. Sivia Capital Partners LLC's holdings in Snowflake were worth $1,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its holdings in shares of Snowflake by 190.2% in the 2nd quarter. Acadian Asset Management LLC now owns 8,652 shares of the company's stock valued at $1,166,000 after purchasing an additional 5,671 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Snowflake by 51.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 21,798 shares of the company's stock valued at $2,945,000 after acquiring an additional 7,389 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Snowflake by 1.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 230,590 shares of the company's stock worth $31,121,000 after buying an additional 3,490 shares during the period. Meeder Advisory Services Inc. increased its position in Snowflake by 31.5% during the second quarter. Meeder Advisory Services Inc. now owns 4,688 shares of the company's stock worth $633,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Snowflake by 25.9% during the 2nd quarter. Parallel Advisors LLC now owns 12,292 shares of the company's stock valued at $1,660,000 after buying an additional 2,532 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SNOW. Scotiabank raised 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. Monness Crespi & Hardt raised their price objective on shares of Snowflake from $140.00 to $188.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Oppenheimer lifted their price objective on shares of Snowflake from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday. Loop Capital increased their price target on Snowflake from $185.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, KeyCorp lifted their price target on Snowflake from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $187.69.

Snowflake Stock Performance

SNOW traded down $0.10 during trading on Monday, hitting $162.36. The stock had a trading volume of 4,392,152 shares, compared to its average volume of 4,747,759. 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 Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a 50 day simple moving average of $157.39 and a 200-day simple moving average of $134.18. The firm has a market cap of $53.60 billion, a PE ratio of -47.89 and a beta of 1.05.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. This trade represents a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 376,904 shares of company stock valued at $62,545,855. Insiders own 7.80% of the company's stock.

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.