Snowflake Inc. (NYSE:SNOW) Stock Holdings Lowered by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 62.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,693 shares of the company’s stock after selling 9,581 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Snowflake were worth $879,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC purchased a new position in Snowflake in the 4th quarter worth about $222,000. B & T Capital Management DBA Alpha Capital Management increased its position in shares of Snowflake by 2.6% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 37,255 shares of the company’s stock worth $5,752,000 after acquiring an additional 953 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Snowflake in the fourth quarter worth approximately $493,000. Wealthcare Advisory Partners LLC lifted its position in shares of Snowflake by 2.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,421 shares of the company’s stock valued at $1,918,000 after acquiring an additional 241 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. acquired a new position in Snowflake in the 4th quarter worth approximately $240,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity

In other Snowflake news, CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $173.68, for a total transaction 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. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the sale, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. This represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 376,904 shares of company stock worth $62,545,855. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price target on shares of Snowflake in a report on Tuesday, November 19th. KeyCorp lifted their target price on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wedbush lowered shares of Snowflake from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $175.00 target price on shares of Snowflake in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Price Performance

Shares of SNOW opened at $170.89 on Friday. The stock’s 50-day moving average price is $161.11 and its 200 day moving average price is $135.02. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

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.