Crossmark Global Holdings Inc. Has $248,000 Position in Snowflake Inc. (NYSE:SNOW)

Crossmark Global Holdings Inc. reduced its stake in shares of Snowflake Inc. (NYSE:SNOW) by 22.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,609 shares of the company’s stock after selling 458 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Snowflake were worth $248,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Groupama Asset Managment bought a new stake in shares of Snowflake during the 3rd quarter worth approximately $25,000. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Snowflake during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC bought a new stake in Snowflake in the 3rd quarter valued at $34,000. Finally, Larson Financial Group LLC raised its stake in Snowflake by 81.3% in the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after acquiring an additional 152 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now directly owns 195,281 shares in the company, valued at $30,268,555. This trade represents a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares of the company’s stock, valued at $124,515,900. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 504,151 shares of company stock worth $84,973,139. 7.80% of the stock is currently owned by insiders.

Snowflake Price Performance

Snowflake stock opened at $175.55 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $57.95 billion, a PE ratio of -51.79 and a beta of 1.05. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The stock has a 50-day moving average price of $165.83 and a two-hundred day moving average price of $136.11.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SNOW shares. Royal Bank of Canada increased their price target on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $150.00 to $200.00 in a research note on Tuesday, January 7th. Cantor Fitzgerald started coverage on Snowflake in a research note on Friday, January 17th. They issued an “overweight” rating and a $201.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $175.00 price target on shares of Snowflake in a research note on Thursday, October 3rd. Finally, Piper Sandler increased their price target on Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $188.06.

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.