Keybank National Association OH Has $6.72 Million Stake in Snowflake Inc. (NYSE:SNOW)

Keybank National Association OH grew its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,504 shares of the company’s stock after acquiring an additional 5,136 shares during the quarter. Keybank National Association OH’s holdings in Snowflake were worth $6,717,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after buying an additional 7,239 shares during the period. Prospect Financial Services LLC acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $288,000. Independent Advisor Alliance increased its stake in shares of Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after buying an additional 548 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Snowflake by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock valued at $104,028,000 after buying an additional 8,857 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $5,851,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the sale, the executive vice president now directly owns 690,647 shares in the company, valued at $123,625,813. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now owns 308,164 shares of the company’s stock, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,193 shares of company stock valued at $50,096,313. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $177.66 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50-day moving average of $173.94 and a 200-day moving average of $146.64. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a market cap of $58.65 billion, a P/E ratio of -52.41 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. 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. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Thursday, February 20th. Truist Financial reissued a “buy” rating and set a $225.00 target price (up previously from $210.00) on shares of Snowflake in a research report on Thursday, February 27th. Finally, 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, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.92.

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.