Capital Investment Advisory Services LLC Has $396,000 Stock Position in Snowflake Inc. (NYSE:SNOW)

Capital Investment Advisory Services LLC cut its holdings in Snowflake Inc. (NYSE:SNOW) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,566 shares of the company’s stock after selling 198 shares during the period. Capital Investment Advisory Services LLC’s holdings in Snowflake were worth $396,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ontario Teachers Pension Plan Board grew 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 worth $295,459,000 after purchasing an additional 2,559,144 shares in the last quarter. Two Sigma Advisers LP grew its position in Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after buying an additional 881,700 shares in the last quarter. SG Americas Securities LLC raised its holdings in Snowflake by 471.9% in the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock valued at $87,489,000 after acquiring an additional 628,511 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Snowflake by 12,318.3% during the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after acquiring an additional 526,608 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Snowflake by 96.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company’s stock worth $120,076,000 after purchasing an additional 513,214 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 45,896 shares of the business’s stock in a transaction on 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 transaction, the director now owns 208,735 shares in the company, valued at $36,749,884.10. The trade was a 18.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 504,151 shares of company stock worth $84,973,139. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on SNOW. Mizuho boosted their price target on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Monness Crespi & Hardt increased their price target on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Oppenheimer upped their target price on Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Two equities 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Stock Performance

SNOW stock opened at $181.66 on Friday. The firm has a market cap of $59.97 billion, a PE ratio of -53.59 and a beta of 1.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $169.19 and a 200-day moving average price of $137.36. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.

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.