Sheaff Brock Investment Advisors LLC Buys Shares of 1,413 Snowflake Inc. (NYSE:SNOW)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,413 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors have also added to or reduced their stakes in SNOW. Jennison Associates LLC raised its stake in shares of Snowflake by 92.2% during the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after purchasing an additional 2,559,144 shares during the period. Two Sigma Advisers LP raised its holdings 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 acquiring an additional 881,700 shares in the last quarter. International Assets Investment Management LLC lifted its position in Snowflake by 12,318.3% in 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. Finally, Assenagon Asset Management S.A. grew its stake in shares of Snowflake by 96.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company’s stock valued at $120,076,000 after purchasing an additional 513,214 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Trading Down 2.5 %

NYSE:SNOW opened at $187.86 on Tuesday. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $236.33. The company has a 50-day moving average price of $171.66 and a 200-day moving average price of $142.19. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $62.01 billion, a price-to-earnings ratio of -55.42 and a beta of 1.07.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wedbush upgraded shares of Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Piper Sandler upped their price objective on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Loop Capital upped their price target on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Truist Financial reiterated a “buy” rating and issued a $210.00 price objective on shares of Snowflake in a report on Thursday, November 21st. Finally, KeyCorp lifted their price target on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.63.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 45,896 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the sale, the director now directly owns 208,735 shares in the company, valued at approximately $36,749,884.10. This represents a 18.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the sale, the executive now directly owns 311,999 shares of the company’s stock, valued at approximately $49,058,722.76. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 516,933 shares of company stock worth $88,283,752. Insiders own 7.80% of the company’s stock.

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.