Snowflake Inc. (NYSE:SNOW) Shares Sold by Kingfisher Capital LLC

Kingfisher Capital LLC reduced its position in shares of Snowflake Inc. (NYSE:SNOW) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,815 shares of the company’s stock after selling 1,451 shares during the period. Kingfisher Capital LLC’s holdings in Snowflake were worth $1,472,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC increased its stake in Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new stake in Snowflake during the second quarter worth about $27,000. V Square Quantitative Management LLC acquired a new stake in Snowflake during the third quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new position in Snowflake in the second quarter valued at approximately $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Snowflake in the second quarter valued at approximately $41,000. 65.10% of the stock is currently owned by institutional investors.

Snowflake Price Performance

Shares of SNOW opened at $173.70 on Friday. The business’s 50-day moving average price is $124.88 and its 200 day moving average price is $128.64. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.

Analyst Ratings Changes

Several analysts recently issued reports on SNOW shares. Wells Fargo & Company raised their price target on Snowflake from $125.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. TD Cowen raised 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group cut their price objective on shares of Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $175.00 target price on shares of Snowflake in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.09.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 558 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total value of $61,357.68. Following the completion of the sale, the executive vice president now owns 759,473 shares in the company, valued at $83,511,651.08. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 1,606 shares of Snowflake stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total value of $176,595.76. Following the transaction, the director now owns 218,246 shares in the company, valued at $23,998,330.16. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,661 shares of company stock worth $32,004,752 over the last ninety days. 7.80% of the stock is currently owned by company insiders.

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.