Snowflake Inc. (NYSE:SNOW) Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc reduced its position in Snowflake Inc. (NYSE:SNOW) by 67.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172 shares of the company’s stock after selling 356 shares during the period. Versant Capital Management Inc’s holdings in Snowflake were worth $27,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after buying an additional 7,239 shares in the last quarter. Independent Advisor Alliance increased its holdings in Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after acquiring an additional 548 shares in the last quarter. Franklin Resources Inc. raised its position in Snowflake by 1.4% during the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock worth $66,086,000 after acquiring an additional 7,373 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Snowflake by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company’s stock valued at $143,289,000 after purchasing an additional 36,704 shares in the last quarter. Finally, Sender Co & Partners Inc. grew its position in shares of Snowflake by 100.9% in the third quarter. Sender Co & Partners Inc. now owns 8,522 shares of the company’s stock valued at $979,000 after purchasing an additional 4,280 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on SNOW shares. Loop Capital upped their target price on Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Needham & Company LLC upped their price objective on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Argus began coverage on Snowflake in a research report on Tuesday, October 1st. They set a “hold” rating for the company. DA Davidson reissued a “buy” rating and issued a $175.00 target price on shares of Snowflake in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada raised their price target on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $187.11.

Insider Activity

In other Snowflake news, CAO Emily Ho sold 1,508 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at $7,303,489.20. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $120.00, for a total transaction of $3,600,000.00. Following the completion of the sale, the executive vice president now directly owns 721,755 shares of the company’s stock, valued at $86,610,600. The trade was a 3.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 406,904 shares of company stock worth $66,145,855 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Snowflake stock opened at $158.85 on Wednesday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. 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 company has a market capitalization of $52.44 billion, a price-to-earnings ratio of -46.86 and a beta of 1.05. The firm’s fifty day moving average price is $153.71 and its 200 day moving average price is $133.22.

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.