Snowflake Inc. (NYSE:SNOW) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management lowered its stake in Snowflake Inc. (NYSE:SNOW) by 20.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,587 shares of the company’s stock after selling 1,907 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Snowflake were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Asset Dedication LLC lifted its stake in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after acquiring an additional 59 shares during the last quarter. Breakwater Capital Group lifted its position in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after purchasing an additional 90 shares in the last quarter. Catalyst Private Wealth LLC increased its holdings in Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after buying an additional 104 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 2.8 %

Shares of SNOW opened at $192.91 on Wednesday. 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 stock has a 50 day moving average price of $172.08 and a two-hundred day moving average price of $142.71. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $235.66.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Christopher William Degnan sold 76,692 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $168.42, for a total value of $12,916,466.64. Following the sale, the executive now owns 346,741 shares in the company, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 516,933 shares of company stock valued at $88,283,752 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SNOW. Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $150.00 to $200.00 in a report on Tuesday, January 7th. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price for the company in a research note on Tuesday. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer raised their target price on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.94.

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.