Aaron Wealth Advisors LLC Has $237,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Aaron Wealth Advisors LLC lowered its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 24.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the company’s stock after selling 505 shares during the period. Aaron Wealth Advisors LLC’s holdings in Snowflake were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SNOW. Ontario Teachers Pension Plan Board grew its position in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after buying an additional 2,559,144 shares during the period. Two Sigma Advisers LP increased its stake in Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after purchasing an additional 881,700 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Snowflake by 210.0% during the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock valued at $131,656,000 after purchasing an additional 660,168 shares during the period. SG Americas Securities LLC boosted its position in shares of Snowflake by 471.9% during the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after purchasing an additional 628,511 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Snowflake by 12,318.3% in the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after buying an additional 526,608 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on SNOW shares. Evercore ISI increased their price target on Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. TD Cowen lifted their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective 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. Citigroup decreased their target price on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Finally, Argus started coverage on shares of Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $188.06.

Snowflake Trading Up 1.5 %

Shares of SNOW stock opened at $173.43 on Wednesday. The company’s fifty day simple moving average is $162.06 and its two-hundred day simple moving average is $135.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of -51.16 and a beta of 1.05.

Insider Activity at Snowflake

In other news, CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the transaction, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the transaction, the director now owns 195,281 shares of the company’s stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 376,904 shares of company stock worth $62,545,855. 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.