Snowflake Inc. (NYSE:SNOW) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA trimmed its stake in shares of Snowflake Inc. (NYSE:SNOW) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the company’s stock after selling 62 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Snowflake were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Groupama Asset Managment acquired a new stake in Snowflake in the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the 4th quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new stake in Snowflake in the 3rd quarter valued at approximately $34,000. Finally, Perkins Coie Trust Co increased its position in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president now owns 691,755 shares of the company’s stock, valued at $124,515,900. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now directly owns 195,281 shares of the company’s stock, valued at $34,418,276.25. This represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 516,933 shares of company stock valued at $88,283,752 over the last quarter. Insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $187.86 on Friday. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $236.33. The business has a 50-day moving average of $171.43 and a two-hundred day moving average of $141.17. The stock has a market capitalization of $62.01 billion, a P/E ratio of -55.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNOW. Oppenheimer lifted their price target on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Mizuho lifted their price target on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank lifted their price target on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.63.

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.