Sivia Capital Partners LLC Has $1.19 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Sivia Capital Partners LLC decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,696 shares of the company’s stock after selling 7,732 shares during the quarter. Snowflake comprises approximately 0.6% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 24th largest position. Sivia Capital Partners LLC’s holdings in Snowflake were worth $1,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SNOW. Groupama Asset Managment bought a new position in Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in Snowflake in the third quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new stake in shares of Snowflake during the third quarter valued at approximately $34,000. Larson Financial Group LLC raised its position in shares of Snowflake by 81.3% during the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares during the period. Finally, Waldron Private Wealth LLC acquired a new stake in Snowflake in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Price 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 stock has a market capitalization of $53.21 billion, a PE ratio of -47.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a fifty day moving average of $156.42 and a 200 day moving average of $133.97. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Insider Buying and Selling at Snowflake

In other news, CRO Christopher William Degnan sold 76,692 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the sale, the executive now directly owns 346,741 shares in the company, valued at approximately $58,398,119.22. The trade was a 18.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 over the last three months. 7.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Bank of America increased their price objective on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. DA Davidson reiterated a “buy” rating and set a $175.00 price target on shares of Snowflake in a report on Thursday, October 3rd. Needham & Company LLC raised their price objective on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Wedbush lowered shares of Snowflake from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.69.

Snowflake 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.