Snowflake Inc. (NYSE:SNOW) Shares Acquired by Sycomore Asset Management

Sycomore Asset Management raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,637 shares of the company’s stock after purchasing an additional 7,684 shares during the quarter. Snowflake comprises 1.2% of Sycomore Asset Management’s portfolio, making the stock its 28th largest position. Sycomore Asset Management’s holdings in Snowflake were worth $9,826,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in shares of Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after buying an additional 7,239 shares during the last quarter. Prospect Financial Services LLC purchased a new stake in Snowflake during the fourth quarter valued at about $288,000. Independent Advisor Alliance increased its stake in Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after acquiring an additional 548 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Snowflake in the 4th quarter worth about $5,851,000. Finally, Stephens Consulting LLC lifted its stake in shares of Snowflake by 7,407.4% in the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company’s stock valued at $313,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Trading Down 1.3 %

Shares of NYSE SNOW opened at $183.87 on Monday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. 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 firm’s 50-day moving average price is $170.79 and its two-hundred day moving average price is $139.60.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNOW. Evercore ISI raised their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their target price 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. Scotiabank upped their price target on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. Truist Financial reissued a “buy” rating and issued a $210.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Finally, Piper Sandler upped their target price on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $187.06.

Insiders Place Their Bets

In other Snowflake news, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the transaction, the chief accounting officer now owns 26,874 shares in the company, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 45,896 shares of Snowflake 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 owns 208,735 shares in the company, valued at approximately $36,749,884.10. This represents a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 516,933 shares of company stock valued at $88,283,752 over the last three months. Company 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.