Sivia Capital Partners LLC Sells 7,732 Shares of Snowflake Inc. (NYSE:SNOW)

Sivia Capital Partners LLC decreased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 50.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,696 shares of the company’s stock after selling 7,732 shares during the quarter. Snowflake accounts for about 0.6% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 24th biggest position. Sivia Capital Partners LLC’s holdings in Snowflake were worth $1,188,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SNOW. JTC Employer Solutions Trustee Ltd boosted its stake in Snowflake by 1.9% during the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 32,830 shares of the company’s stock worth $5,089,000 after buying an additional 600 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Snowflake by 27.2% during the 4th quarter. Capital Investment Advisors LLC now owns 2,567 shares of the company’s stock valued at $396,000 after purchasing an additional 549 shares during the last quarter. RMR Wealth Builders bought a new stake in Snowflake during the fourth quarter worth about $216,000. ORG Partners LLC increased its holdings in shares of Snowflake by 7.4% during the fourth quarter. ORG Partners LLC now owns 2,761 shares of the company’s stock worth $426,000 after buying an additional 190 shares in the last quarter. Finally, Fulton Bank N.A. bought a new position in shares of Snowflake in the fourth quarter valued at approximately $216,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 1,712 shares of Snowflake stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $306,448.00. Following the sale, the director now directly owns 205,965 shares in the company, valued at $36,867,735. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 376,904 shares of company stock worth $62,545,855 in the last 90 days. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW traded down $1.28 during trading on Monday, reaching $161.18. The company’s stock had a trading volume of 3,475,729 shares, compared to its average volume of 4,602,818. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The firm has a 50 day moving average price of $156.42 and a 200 day moving average price of $133.97. The firm has a market capitalization of $53.21 billion, a price-to-earnings ratio of -47.55 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SNOW. DA Davidson reaffirmed a “buy” rating and set a $175.00 price target on shares of Snowflake in a report on Thursday, October 3rd. Needham & Company LLC lifted their price target on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research note on Tuesday, November 19th. Argus assumed coverage on shares of Snowflake in a research note on Tuesday, October 1st. They set a “hold” rating on the stock. Finally, Barclays upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.69.

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.