J. Safra Sarasin Holding AG Sells 4,467 Shares of Snowflake Inc. (NYSE:SNOW)

J. Safra Sarasin Holding AG reduced its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 68.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,032 shares of the company's stock after selling 4,467 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Snowflake were worth $314,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Asset Dedication LLC increased its position in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group increased its holdings in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock valued at $454,000 after acquiring an additional 62 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Snowflake by 3.3% during the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after purchasing an additional 65 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Snowflake by 21.8% in the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after purchasing an additional 74 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Trading Up 1.0 %

Snowflake stock traded up $1.57 during trading hours on Tuesday, reaching $160.53. The company had a trading volume of 619,941 shares, compared to its average volume of 6,385,795. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The company has a 50-day moving average price of $154.37 and a 200 day moving average price of $156.30. The firm has a market cap of $52.99 billion, a price-to-earnings ratio of -47.39 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BTIG Research upgraded shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a report on Thursday, February 20th. Mizuho boosted their target price on Snowflake from $195.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Royal Bank of Canada increased their price target on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Needham & Company LLC boosted their price objective on Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Monness Crespi & Hardt boosted their price target on shares of Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.27.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the transaction, the director now directly owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the completion of the sale, the executive now directly owns 308,164 shares of the company's stock, valued at approximately $56,045,786.68. This represents a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 374,342 shares of company stock valued at $61,578,513 over the last three months. 7.80% of the stock is 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.