Snowflake Inc. (NYSE:SNOW) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in Snowflake Inc. (NYSE:SNOW) by 20.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,384 shares of the company’s stock after selling 16,322 shares during the quarter. Stifel Financial Corp’s holdings in Snowflake were worth $7,280,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Independent Advisor Alliance raised its holdings in Snowflake by 15.5% in the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after purchasing an additional 548 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Snowflake by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company’s stock worth $143,289,000 after purchasing an additional 36,704 shares during the period. MUFG Securities EMEA plc acquired a new position in Snowflake in the 2nd quarter worth about $2,918,000. APG Asset Management N.V. raised its holdings in Snowflake by 15.2% in the 2nd quarter. APG Asset Management N.V. now owns 237,551 shares of the company’s stock worth $29,942,000 after purchasing an additional 31,352 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Snowflake by 471.9% during the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock valued at $87,489,000 after acquiring an additional 628,511 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 3,029 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total value of $346,487.31. Following the sale, the executive vice president now directly owns 753,464 shares in the company, valued at $86,188,746.96. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Benoit Dageville sold 287 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the sale, the insider now owns 53,250 shares in the company, valued at approximately $5,932,582.50. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 294,384 shares of company stock worth $47,993,609. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Down 1.4 %

NYSE:SNOW opened at $167.58 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $138.94 and its two-hundred day moving average is $129.81. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The stock has a market capitalization of $55.32 billion, a price-to-earnings ratio of -49.43 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of brokerages have commented on SNOW. Loop Capital reduced their target price on Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Mizuho increased their target price on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Royal Bank of Canada increased their target price on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Truist Financial reissued a “buy” rating and set a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $183.89.

Snowflake Company 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.