Vontobel Holding Ltd. Decreases Stake in Snowflake Inc. (NYSE:SNOW)

Vontobel Holding Ltd. trimmed its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,157 shares of the company's stock after selling 7,548 shares during the period. Vontobel Holding Ltd.'s holdings in Snowflake were worth $7,436,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC grew its stake in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after acquiring an additional 59 shares in the last quarter. Breakwater Capital Group grew its stake in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after acquiring an additional 62 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Snowflake by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company's stock worth $59,000 after acquiring an additional 90 shares in the last quarter. Catalyst Private Wealth LLC grew its stake in Snowflake by 3.2% in the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company's stock worth $382,000 after acquiring an additional 104 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in Snowflake by 6.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company's stock worth $210,000 after acquiring an additional 115 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Performance

SNOW stock traded down $6.34 during midday trading on Wednesday, hitting $186.44. 5,069,273 shares of the stock traded hands, compared to its average volume of 5,160,610. The firm has a market cap of $61.54 billion, a P/E ratio of -55.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock's fifty day simple moving average is $172.08 and its 200-day simple moving average is $142.71. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $235.66.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. StockNews.com raised shares of Snowflake from a "sell" rating to a "hold" rating in a research report on Tuesday. Royal Bank of Canada upped their price target on shares of Snowflake from $175.00 to $188.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Bank of America upped their price target on shares of Snowflake from $160.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, November 21st. Finally, KeyCorp upped their price target 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and an average price target of $190.75.

Insider Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 76,692 shares of the stock in a transaction 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 transaction, the executive now directly owns 346,741 shares of the company's stock, valued at $58,398,119.22. This trade represents a 18.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president now directly owns 691,755 shares in the company, valued at approximately $124,515,900. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 516,933 shares of company stock valued at $88,283,752 over the last ninety days. Corporate insiders own 7.80% of the company's stock.

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.