WD Rutherford LLC Has $1.88 Million Holdings in Snowflake Inc. (NYSE:SNOW)

WD Rutherford LLC lessened its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,168 shares of the company's stock after selling 4,798 shares during the quarter. WD Rutherford LLC's holdings in Snowflake were worth $1,879,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new stake in Snowflake in the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new position in shares of Snowflake in the fourth quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Snowflake during the 3rd quarter worth about $30,000. Fortitude Family Office LLC bought a new stake in Snowflake during the 3rd quarter valued at approximately $34,000. Finally, Perkins Coie Trust Co grew its holdings in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company's stock valued at $37,000 after buying an additional 139 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 558 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the transaction, the executive vice president now owns 690,647 shares of the company's stock, valued at $123,625,813. This represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction on Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the sale, the chief accounting officer now directly owns 26,874 shares of the company's stock, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 516,933 shares of company stock valued at $88,283,752. 7.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on SNOW. Loop Capital increased their price objective on Snowflake from $185.00 to $205.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. UBS Group increased their price target on shares of Snowflake from $155.00 to $190.00 and gave the company a "neutral" rating in a report on Wednesday. Cantor Fitzgerald initiated coverage on shares of Snowflake in a research report on Friday, January 17th. They set an "overweight" rating and a $201.00 price objective for the company. Bank of America lifted their target price on Snowflake from $160.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Snowflake from a "sell" rating to a "hold" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.75.

Snowflake Trading Down 2.0 %

Shares of SNOW traded down $3.87 during trading hours on Wednesday, hitting $188.91. 2,494,760 shares of the stock traded hands, compared to its average volume of 5,076,708. The business has a fifty day moving average of $172.08 and a 200-day moving average of $142.71. The firm has a market capitalization of $62.36 billion, a PE ratio of -55.84 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $235.66. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.