Snowflake Inc. (NYSE:SNOW) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,705,776 shares of the company’s stock after selling 155,106 shares during the period. Baillie Gifford & Co. owned approximately 0.82% of Snowflake worth $417,799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after purchasing an additional 7,239 shares during the period. Prospect Financial Services LLC acquired a new position in Snowflake during the 4th quarter worth approximately $288,000. Independent Advisor Alliance increased 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 period. Sumitomo Mitsui Trust Group Inc. increased its position in Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock worth $104,028,000 after purchasing an additional 8,857 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new position in Snowflake during the 4th quarter worth approximately $5,851,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial restated a “buy” rating and issued a $210.00 price target on shares of Snowflake in a report on Thursday, November 21st. Jefferies Financial Group upped their price target on Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Mizuho upped their price target on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Oppenheimer upped their price target on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.63.

Insider Activity at Snowflake

In other news, 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 transaction of $2,700,000.00. Following the completion of the sale, the executive vice president now directly owns 691,755 shares in the company, valued at $124,515,900. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 76,692 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the sale, the executive now owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 516,933 shares of company stock worth $88,283,752. Corporate insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW opened at $187.86 on Monday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $236.33. 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 fifty day moving average price of $171.51 and a 200 day moving average price of $141.74.

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.