Linden Thomas Advisory Services LLC Increases Holdings in Snowflake Inc. (NYSE:SNOW)

Linden Thomas Advisory Services LLC increased its stake in Snowflake Inc. (NYSE:SNOW) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,557 shares of the company’s stock after acquiring an additional 796 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Snowflake were worth $1,785,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock worth $788,755,000 after buying an additional 54,909 shares during the last quarter. Geode Capital Management LLC increased its position in Snowflake by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after acquiring an additional 138,663 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of 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 during the period. Ontario Teachers Pension Plan Board lifted its holdings in shares of Snowflake by 19,399.2% in the 3rd 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. Finally, 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 worth $293,838,000 after purchasing an additional 223,936 shares during the period. 65.10% of the stock is owned by institutional investors.

Snowflake Stock Down 0.5 %

Snowflake stock opened at $174.05 on Friday. The business’s 50-day simple moving average is $165.83 and its two-hundred day simple moving average is $136.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $57.45 billion, a PE ratio of -51.34 and a beta of 1.05. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price for the company. Evercore ISI boosted their price objective on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Finally, Jefferies Financial Group lifted their target price on Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

Insider Buying and Selling

In related news, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the transaction, the director now owns 195,281 shares of the company’s stock, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 504,151 shares of company stock valued at $84,973,139 over the last quarter. 7.80% of the stock is currently owned by company insiders.

About Snowflake

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.