Sanibel Captiva Trust Company Inc. Has $879,000 Holdings in Snowflake Inc. (NYSE:SNOW)

Sanibel Captiva Trust Company Inc. decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 62.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,693 shares of the company’s stock after selling 9,581 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Snowflake were worth $879,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SNOW. Lake Street Private Wealth LLC bought a new stake in Snowflake during the 4th quarter worth approximately $222,000. B & T Capital Management DBA Alpha Capital Management raised its position in Snowflake by 2.6% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 37,255 shares of the company’s stock valued at $5,752,000 after purchasing an additional 953 shares during the last quarter. Merit Financial Group LLC acquired a new position in Snowflake in the fourth quarter worth $493,000. Wealthcare Advisory Partners LLC grew its holdings in shares of Snowflake by 2.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,421 shares of the company’s stock worth $1,918,000 after purchasing an additional 241 shares during the last quarter. Finally, Kraematon Investment Advisors Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at $240,000. Institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 1,712 shares of Snowflake stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $306,448.00. Following the sale, the director now directly owns 205,965 shares of the company’s stock, valued at approximately $36,867,735. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock valued at $62,545,855 over the last ninety days. 7.80% of the stock is currently owned by company insiders.

Snowflake Price Performance

Shares of NYSE SNOW opened at $170.89 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The stock has a 50 day moving average of $161.11 and a 200-day moving average of $135.02.

Analyst Ratings Changes

Several brokerages recently issued reports on SNOW. Bank of America upped their price target on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. TD Cowen increased their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Piper Sandler raised their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Finally, Barclays raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average target price of $188.06.

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.