2,569 Shares in Snowflake Inc. (NYSE:SNOW) Bought by HB Wealth Management LLC

HB Wealth Management LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,569 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board increased its position in 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 valued at $295,459,000 after purchasing an additional 2,559,144 shares during the period. Two Sigma Advisers LP increased its position in shares of Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after buying an additional 881,700 shares during the period. AQR Capital Management LLC raised its stake in Snowflake by 210.0% during the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock worth $131,656,000 after buying an additional 660,168 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Snowflake by 471.9% in the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock valued at $87,489,000 after buying an additional 628,511 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Snowflake by 12,318.3% during the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after acquiring an additional 526,608 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the subject of several research analyst reports. Argus began coverage on Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. StockNews.com downgraded shares of Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. Finally, TD Cowen raised their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have issued 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, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Trading Down 1.5 %

NYSE SNOW opened at $174.77 on Friday. The business’s fifty day moving average is $163.96 and its 200-day moving average is $135.63. 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 market capitalization of $57.69 billion, a price-to-earnings ratio of -51.56 and a beta of 1.05. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Insider Buying and Selling

In other news, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the transaction, the executive now owns 311,999 shares in the company, valued at approximately $49,058,722.76. This represents a 3.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the sale, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 504,151 shares of company stock worth $84,973,139. Insiders own 7.80% of the company’s stock.

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.