Crossmark Global Holdings Inc. Sells 458 Shares of Snowflake Inc. (NYSE:SNOW)

Crossmark Global Holdings Inc. lowered its holdings in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 22.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,609 shares of the company’s stock after selling 458 shares during the period. Crossmark Global Holdings Inc.’s holdings in Snowflake were worth $248,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SNOW. Ontario Teachers Pension Plan Board grew its stake in Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after purchasing an additional 2,559,144 shares during the period. Two Sigma Advisers LP grew its stake 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. SG Americas Securities LLC grew its stake in Snowflake by 471.9% in 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 period. International Assets Investment Management LLC grew its stake in Snowflake by 12,318.3% in the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after acquiring an additional 526,608 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Snowflake by 96.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company’s stock valued at $120,076,000 after acquiring an additional 513,214 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the sale, the executive vice president now directly owns 706,755 shares in the company, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Emily Ho sold 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares in the company, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 504,151 shares of company stock valued at $84,973,139. Insiders own 7.80% of the company’s stock.

Snowflake Price Performance

SNOW opened at $175.55 on Tuesday. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of -51.79 and a beta of 1.05. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $165.83 and a 200 day moving average price of $136.11.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler raised their price objective on Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Royal Bank of Canada raised their price objective on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Oppenheimer raised their price objective on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Scotiabank lifted their target price on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Finally, Mizuho lifted their target price on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

Read Our Latest Stock Report on Snowflake

About Snowflake

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWFree Report).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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