Ossiam Sells 112,648 Shares of Snowflake Inc. (NYSE:SNOW)

Ossiam trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 94.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,566 shares of the company's stock after selling 112,648 shares during the period. Ossiam's holdings in Snowflake were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Claret Asset Management Corp acquired a new stake in shares of Snowflake during the 4th quarter valued at $245,000. Coastline Trust Co raised its holdings in shares of Snowflake by 116.5% during the fourth quarter. Coastline Trust Co now owns 2,438 shares of the company's stock worth $376,000 after acquiring an additional 1,312 shares in the last quarter. Dnca Finance purchased a new stake in shares of Snowflake during the fourth quarter worth $4,223,000. GeoWealth Management LLC raised its holdings in shares of Snowflake by 51.8% during the fourth quarter. GeoWealth Management LLC now owns 1,125 shares of the company's stock worth $174,000 after acquiring an additional 384 shares in the last quarter. Finally, Commerce Bank raised its holdings in shares of Snowflake by 6.0% during the fourth quarter. Commerce Bank now owns 5,793 shares of the company's stock worth $894,000 after acquiring an additional 328 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNOW shares. Wells Fargo & Company cut their price objective on Snowflake from $215.00 to $200.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. StockNews.com upgraded Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. DA Davidson cut their price objective on Snowflake from $225.00 to $200.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wolfe Research raised shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price on the stock in a research report on Tuesday, February 18th. Finally, UBS Group increased their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $200.27.

Insider Activity

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total value of $48,963,000.00. Following the transaction, the chief financial officer now directly owns 292,610 shares in the company, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now owns 552,930 shares of the company's stock, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 364,342 shares of company stock worth $59,978,513. Insiders own 7.80% of the company's stock.

Snowflake Price Performance

Shares of NYSE:SNOW traded down $0.40 during trading on Friday, reaching $158.26. The stock had a trading volume of 4,161,157 shares, compared to its average volume of 6,426,335. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The business's 50-day moving average price is $154.91 and its 200 day moving average price is $156.06. 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 stock has a market capitalization of $52.24 billion, a PE ratio of -46.68 and a beta of 1.13.

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.