Sandy Spring Bank Sells 1,326 Shares of Snowflake Inc. (NYSE:SNOW)

Sandy Spring Bank decreased its stake in Snowflake Inc. (NYSE:SNOW) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,521 shares of the company’s stock after selling 1,326 shares during the period. Sandy Spring Bank’s holdings in Snowflake were worth $698,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC lifted its stake in shares of Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group raised its holdings in Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after acquiring an additional 62 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after acquiring an additional 69 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Snowflake by 21.8% in the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock worth $64,000 after acquiring an additional 74 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $59,000 after purchasing an additional 90 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SNOW has been the topic of a number of recent research reports. UBS Group increased their price objective on Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Scotiabank increased their price target on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Needham & Company LLC boosted their price objective on shares of Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Truist Financial reiterated a “buy” rating and issued a $225.00 target price (up from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. Finally, Stifel Nicolaus raised their price target on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.08.

Snowflake Trading Up 0.5 %

Shares of SNOW stock opened at $157.94 on Friday. The stock has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The business has a 50-day moving average of $172.74 and a 200 day moving average of $149.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Activity at Snowflake

In other Snowflake news, CAO Emily Ho sold 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at $7,303,489.20. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 861 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $165.31, for a total value of $142,331.91. Following the transaction, the executive vice president now directly owns 582,930 shares of the company’s stock, valued at $96,364,158.30. The trade was a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 298,429 shares of company stock worth $50,065,812 in the last ninety days. 7.80% of the stock is owned by company insiders.

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.