Whittier Trust Co. of Nevada Inc. Sells 272 Shares of Snowflake Inc. (NYSE:SNOW)

Whittier Trust Co. of Nevada Inc. decreased its position in Snowflake Inc. (NYSE:SNOW) by 37.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 448 shares of the company’s stock after selling 272 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Snowflake were worth $69,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after acquiring an additional 3,662,671 shares during the period. State Street Corp lifted its holdings in Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after acquiring an additional 54,909 shares during the period. Geode Capital Management LLC lifted its holdings in Snowflake by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after acquiring an additional 138,663 shares during the period. Two Sigma Advisers LP lifted its holdings in Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after acquiring an additional 881,700 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Snowflake by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,935,779 shares of the company’s stock valued at $222,344,000 after acquiring an additional 51,366 shares during the period. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. The trade was a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was 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 of the company’s stock, valued at $30,268,555. This represents a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,568 shares of company stock valued at $49,923,480. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SNOW shares. Canaccord Genuity Group increased their target price on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. JMP Securities restated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Wolfe Research upgraded Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target for the company in a research report on Tuesday, February 18th. Bank of America upped their price target on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Rosenblatt Securities upped their price target on Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

Snowflake Price Performance

Shares of SNOW stock opened at $157.94 on Monday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. 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 has a market capitalization of $52.14 billion, a P/E ratio of -46.59 and a beta of 1.07. The stock has a 50 day moving average price of $172.74 and a 200 day moving average price of $149.89.

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.