Vestmark Advisory Solutions Inc. Has $387,000 Stake in Snowflake Inc. (NYSE:SNOW)

Vestmark Advisory Solutions Inc. lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 14.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,505 shares of the company’s stock after selling 422 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Snowflake were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in shares of Snowflake by 13.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 34,093 shares of the company’s stock worth $3,916,000 after buying an additional 4,168 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Snowflake by 33.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 38,956 shares of the company’s stock worth $4,474,000 after buying an additional 9,743 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Snowflake by 7.9% in the 3rd quarter. Washington Trust Advisors Inc. now owns 58,429 shares of the company’s stock worth $6,711,000 after buying an additional 4,268 shares during the last quarter. Carson Advisory Inc. purchased a new position in shares of Snowflake in the 3rd quarter worth approximately $240,000. Finally, Covestor Ltd boosted its stake in shares of Snowflake by 16.2% in the 3rd quarter. Covestor Ltd now owns 827 shares of the company’s stock worth $95,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 1.5 %

Shares of NYSE:SNOW opened at $158.54 on Friday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The firm has a fifty day moving average of $173.79 and a 200 day moving average of $147.00. The firm has a market capitalization of $52.33 billion, a PE ratio of -46.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total value of $99,882.00. Following the completion of the transaction, the executive vice president now directly owns 690,647 shares in the company, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the sale, the director now owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,193 shares of company stock worth $50,096,313. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SNOW shares. Barclays boosted their target price on Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a report on Tuesday, February 18th. Rosenblatt Securities lifted their price target on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Oppenheimer lifted their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Citigroup lifted their price target on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $202.92.

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.