John G Ullman & Associates Inc. Sells 12,675 Shares of Snowflake Inc. (NYSE:SNOW)

John G Ullman & Associates Inc. cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,675 shares of the company’s stock after selling 12,675 shares during the period. John G Ullman & Associates Inc.’s holdings in Snowflake were worth $3,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNOW. Allspring Global Investments Holdings LLC boosted its stake in shares of Snowflake by 73.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 792 shares of the company’s stock valued at $91,000 after purchasing an additional 335 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Snowflake during the third quarter valued at approximately $231,000. AM Investment Strategies LLC bought a new position in shares of Snowflake during the third quarter valued at approximately $233,000. Clear Creek Financial Management LLC boosted its stake in shares of Snowflake by 6.7% during the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after purchasing an additional 115 shares in the last quarter. Finally, Pure Financial Advisors LLC bought a new position in shares of Snowflake during the third quarter valued at approximately $376,000. 65.10% of the stock is currently owned by institutional investors.

Insider Activity at Snowflake

In other news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total value of $2,009,841.68. Following the sale, the executive now owns 311,999 shares in the company, valued at $49,058,722.76. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 2,218 shares of Snowflake stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $175.00, for a total transaction of $388,150.00. Following the completion of the sale, the director now owns 208,735 shares in the company, valued at approximately $36,528,625. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 312,193 shares of company stock worth $52,833,048. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SNOW. TD Cowen increased their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Friday. UBS Group increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. KeyCorp increased their target price on shares of Snowflake from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Bank of America increased their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.92.

Snowflake Stock Up 1.8 %

SNOW stock opened at $176.76 on Friday. The firm has a market cap of $58.35 billion, a PE ratio of -52.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s fifty day moving average is $173.19 and its 200 day moving average is $145.64. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40.

Snowflake 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.