Snowflake Inc. (NYSE:SNOW) CAO Emily Ho Sells 2,021 Shares

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Snowflake Stock Performance

Shares of NYSE:SNOW traded up $2.34 on Wednesday, hitting $173.62. The company’s stock had a trading volume of 6,959,448 shares, compared to its average volume of 6,817,471. The company has a 50-day simple moving average of $122.43 and a 200 day simple moving average of $128.01. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72.

Hedge Funds Weigh In On Snowflake

Several institutional investors have recently modified their holdings of SNOW. Ontario Teachers Pension Plan Board increased its position in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after purchasing an additional 2,559,144 shares during the last quarter. Swedbank AB bought a new position in Snowflake during the 1st quarter worth approximately $258,957,000. Two Sigma Advisers LP grew its position in Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares during the last quarter. AQR Capital Management LLC grew its position in Snowflake by 210.0% during the 2nd quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock worth $131,656,000 after acquiring an additional 660,168 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Snowflake by 471.9% during the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after acquiring an additional 628,511 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America lifted their target price on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 23rd. Robert W. Baird reduced their price objective on Snowflake from $200.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Scotiabank reduced their price objective on Snowflake from $195.00 to $165.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.09.

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.