Snowflake Inc. (NYSE:SNOW) Shares Sold by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC reduced its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 90.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410 shares of the company's stock after selling 13,823 shares during the period. Watts Gwilliam & Co. LLC's holdings in Snowflake were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SNOW. Toronto Dominion Bank grew its stake in shares of Snowflake by 24.1% during the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after acquiring an additional 7,239 shares during the last quarter. Independent Advisor Alliance grew its position in Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company's stock worth $468,000 after purchasing an additional 548 shares during the last quarter. Franklin Resources Inc. increased its stake in Snowflake by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company's stock valued at $66,086,000 after purchasing an additional 7,373 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Snowflake by 174.8% in the fourth quarter. Diversified Trust Co now owns 4,906 shares of the company's stock worth $758,000 after buying an additional 3,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Snowflake by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company's stock worth $143,289,000 after buying an additional 36,704 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on SNOW shares. Bank of America boosted their price target on Snowflake from $160.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, November 21st. KeyCorp increased their price target on shares of Snowflake from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Needham & Company LLC lifted their price objective on shares of Snowflake from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. JMP Securities reiterated a "market outperform" rating and issued a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, DA Davidson restated a "buy" rating and set a $175.00 target price on shares of Snowflake in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $187.11.

Snowflake Trading Up 1.0 %

Shares of SNOW stock traded up $1.62 during trading hours on Friday, hitting $162.65. The company had a trading volume of 5,898,992 shares, compared to its average volume of 4,806,422. 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 has a market capitalization of $53.69 billion, a PE ratio of -47.98 and a beta of 1.05. The company's fifty day moving average is $156.42 and its 200 day moving average is $133.94. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Insider Activity

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 sale, the executive vice president now directly owns 690,647 shares in the company, valued at approximately $123,625,813. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 376,904 shares of company stock valued at $62,545,855. 7.80% of the stock is currently owned by corporate insiders.

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.