Curi RMB Capital LLC trimmed its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,065 shares of the company's stock after selling 5,047 shares during the quarter. Curi RMB Capital LLC's holdings in Snowflake were worth $3,253,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Asset Dedication LLC raised its holdings in shares of Snowflake by 6.8% in 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 last quarter. Breakwater Capital Group raised its stake in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock valued at $454,000 after purchasing an additional 62 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Snowflake by 3.3% in the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock valued at $317,000 after purchasing an additional 65 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company's stock worth $64,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.
Insider Activity
In related news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the transaction, the chief financial officer now owns 292,610 shares in the company, valued at $47,756,878.10. This represents a 50.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the transaction, the director now directly owns 195,281 shares in the company, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 491,589 shares of company stock valued at $82,405,796. Insiders own 7.80% of the company's stock.
Snowflake Stock Performance
Shares of SNOW traded up $3.14 during midday trading on Tuesday, hitting $140.14. 2,747,242 shares of the stock traded hands, compared to its average volume of 6,410,893. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $46.26 billion, a PE ratio of -41.34 and a beta of 1.13. The business's 50 day moving average price is $157.00 and its two-hundred day moving average price is $155.02.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on SNOW shares. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada upped their target price on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays raised their price target on Snowflake from $190.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Piper Sandler lifted their price target on Snowflake from $208.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Daiwa America raised shares of Snowflake to a "strong-buy" rating in a research report on Tuesday, April 1st. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $201.35.
Check Out Our Latest Research Report on SNOW
Snowflake Company Profile
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Free Report)
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.
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