Ontario Teachers Pension Plan Board Has $147.50 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Ontario Teachers Pension Plan Board lessened its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 62.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 955,237 shares of the company's stock after selling 1,617,099 shares during the quarter. Snowflake comprises approximately 1.8% of Ontario Teachers Pension Plan Board's investment portfolio, making the stock its 18th biggest holding. Ontario Teachers Pension Plan Board owned approximately 0.29% of Snowflake worth $147,498,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in Snowflake in the 4th quarter worth approximately $29,000. Quadrant Capital Group LLC lifted its stake in shares of Snowflake by 74.6% during the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Blue Bell Private Wealth Management LLC increased its position in 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 period. Perkins Coie Trust Co lifted its position 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 bought a new position in shares of Snowflake in the 4th quarter valued at about $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 552,930 shares of the company's stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 491,589 shares of company stock valued at $82,405,796. Insiders own 7.80% of the company's stock.

Snowflake Trading Down 1.9 %

Shares of Snowflake stock traded down $2.74 on Friday, hitting $143.34. The stock had a trading volume of 2,483,780 shares, compared to its average volume of 6,410,768. The stock has a 50 day moving average of $159.87 and a 200 day moving average of $154.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The firm has a market capitalization of $47.32 billion, a P/E ratio of -42.28 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp cut their price objective on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating on the stock in a report on Thursday. DA Davidson dropped their price objective on Snowflake from $225.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company boosted their target price on Snowflake from $210.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wedbush set a $210.00 price target on shares of Snowflake in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities boosted their price objective on shares of Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.76.

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.