Diversified Trust Co Increases Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Diversified Trust Co lifted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 174.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,906 shares of the company’s stock after buying an additional 3,121 shares during the period. Diversified Trust Co’s holdings in Snowflake were worth $758,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SNOW. Groupama Asset Managment bought a new stake in Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC bought a new stake in Snowflake during the third quarter worth $30,000. Fortitude Family Office LLC bought a new stake in Snowflake during the third quarter worth $34,000. Larson Financial Group LLC lifted its holdings in Snowflake by 81.3% during the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after acquiring an additional 152 shares during the period. Finally, Waldron Private Wealth LLC bought a new stake in Snowflake during the third quarter worth $40,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SNOW. Mizuho lifted their price target on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Argus began coverage on Snowflake in a research note on Tuesday, October 1st. They issued a “hold” rating on the stock. Needham & Company LLC boosted their target price on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Wedbush lowered Snowflake from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $187.11.

Snowflake Price Performance

SNOW opened at $161.16 on Friday. The stock has a 50-day moving average price of $155.48 and a 200-day moving average price of $133.61. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. 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 stock has a market capitalization of $53.20 billion, a P/E ratio of -47.54 and a beta of 1.05.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the sale, the director now owns 208,735 shares of the company’s stock, valued at $36,749,884.10. This represents a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 376,904 shares of company stock worth $62,545,855. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Company 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.