Landscape Capital Management L.L.C. Takes Position in Snowflake Inc. (NYSE:SNOW)

Landscape Capital Management L.L.C. purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,550 shares of the company’s stock, valued at approximately $293,000.

A number of other large investors have also modified their holdings of the stock. Ontario Teachers Pension Plan Board increased its position in shares of 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 acquiring an additional 2,559,144 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Snowflake by 11.5% during the 2nd quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock valued at $293,838,000 after buying an additional 223,936 shares during the last quarter. Swedbank AB acquired a new stake in shares of Snowflake during the first quarter worth approximately $258,957,000. Bank of New York Mellon Corp increased its stake in shares of Snowflake by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,599,983 shares of the company’s stock worth $216,142,000 after buying an additional 8,743 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Snowflake by 90.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,265,367 shares of the company’s stock valued at $170,938,000 after acquiring an additional 600,469 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity

In other news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $61,357.68. Following the transaction, the executive vice president now directly owns 759,473 shares in the company, valued at $83,511,651.08. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank Slootman sold 6,251 shares of Snowflake stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $715,051.89. Following the sale, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $23,877,196.65. The trade was a 2.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,538 shares of company stock worth $7,061,544. 7.80% of the stock is owned by corporate insiders.

Snowflake Stock Performance

NYSE SNOW opened at $167.44 on Monday. The firm’s 50 day moving average price is $120.06 and its two-hundred day moving average price is $127.80. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The stock has a market cap of $56.13 billion, a price-to-earnings ratio of -49.39 and a beta of 0.83.

Wall Street Analyst Weigh In

SNOW has been the subject of several research analyst reports. Canaccord Genuity Group dropped their target price on shares of Snowflake from $215.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America increased their price objective on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group dropped their target price on Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada boosted their price target on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $180.23.

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.