Snowflake Inc. (NYSE:SNOW) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 1,169.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,985 shares of the company’s stock after acquiring an additional 93,031 shares during the period. Calamos Advisors LLC’s holdings in Snowflake were worth $15,593,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank lifted its stake in Snowflake by 24.1% during the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after purchasing an additional 7,239 shares in the last quarter. Prospect Financial Services LLC purchased a new position in Snowflake in the fourth quarter valued at $288,000. Independent Advisor Alliance raised its position in shares of Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after acquiring an additional 548 shares in the last quarter. Bourgeon Capital Management LLC acquired a new position in shares of Snowflake in the 4th quarter valued at $5,851,000. Finally, Franklin Resources Inc. grew its position in shares of Snowflake by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after buying an additional 7,373 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNOW. Needham & Company LLC upped their price objective on shares of Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Citigroup decreased their price objective on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.06.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. 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 currently owned by company insiders.

Snowflake Stock Performance

NYSE SNOW opened at $182.70 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The business has a 50 day moving average price of $169.48 and a two-hundred day moving average price of $137.72.

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.