Snowflake Inc. (NYSE:SNOW) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 81.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,648 shares of the company’s stock after purchasing an additional 15,544 shares during the quarter. D.A. Davidson & CO.’s holdings in Snowflake were worth $3,980,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Modus Advisors LLC lifted its holdings in Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after acquiring an additional 94 shares during the period. Catalyst Private Wealth LLC lifted its holdings in Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after acquiring an additional 104 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Snowflake by 30.3% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $72,000 after acquiring an additional 108 shares during the period. LRI Investments LLC lifted its holdings in Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares during the period. Finally, Hoylecohen LLC lifted its holdings in Snowflake by 2.7% in the second quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock valued at $589,000 after acquiring an additional 115 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

NYSE SNOW opened at $173.70 on Friday. The business’s 50-day simple moving average is $124.88 and its 200-day simple moving average is $128.64. The firm has a market capitalization of $58.22 billion, a P/E ratio of -51.24 and a beta of 0.83. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, Director Frank Slootman sold 20,514 shares of Snowflake stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $175.26, for a total value of $3,595,283.64. Following the sale, the director now owns 208,735 shares in the company, valued at $36,582,896.10. This represents a 8.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,661 shares of company stock valued at $32,004,752. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Argus assumed coverage on Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating for the company. Oppenheimer restated an “outperform” rating and issued a $180.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Wedbush upgraded Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Monday. TD Cowen raised their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays raised their price target on Snowflake from $142.00 to $172.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.09.

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.