J. Safra Sarasin Holding AG Sells 4,467 Shares of Snowflake Inc. (NYSE:SNOW)

J. Safra Sarasin Holding AG cut its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 68.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,032 shares of the company's stock after selling 4,467 shares during the period. J. Safra Sarasin Holding AG's holdings in Snowflake were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new stake in Snowflake during the 4th quarter valued at $29,000. Quadrant Capital Group LLC boosted its holdings in shares of Snowflake by 74.6% during the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Snowflake by 189.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company's stock worth $34,000 after purchasing an additional 144 shares during the last quarter. Perkins Coie Trust Co increased its holdings in Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in Snowflake during the 4th quarter valued at about $38,000. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the sale, the director now owns 26,375 shares in the company, valued at approximately $3,408,968.75. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 364,342 shares of company stock valued at $59,978,513. 7.80% of the stock is owned by company insiders.

Snowflake Stock Performance

SNOW stock traded down $0.40 during midday trading on Friday, reaching $158.26. 4,161,157 shares of the company's stock traded hands, compared to its average volume of 6,426,335. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The stock's 50-day moving average is $154.91 and its 200 day moving average is $155.84. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $52.24 billion, a P/E ratio of -46.68 and a beta of 1.13.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SNOW shares. Piper Sandler cut their price objective on Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Wednesday. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Rosenblatt Securities upped their price objective on shares of Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their target price on shares of Snowflake from $215.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup boosted their price target on shares of Snowflake from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $200.27.

About Snowflake

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.