Snowflake Inc. (NYSE:SNOW) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its holdings in Snowflake Inc. (NYSE:SNOW) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,753 shares of the company’s stock after selling 2,852 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Snowflake were worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNOW. Modus Advisors LLC grew its holdings in Snowflake by 3.9% in the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after buying an additional 94 shares in the last quarter. Catalyst Private Wealth LLC boosted its position in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Snowflake by 30.3% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock worth $72,000 after purchasing an additional 108 shares in the last quarter. LRI Investments LLC raised its stake in shares of Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares in the last quarter. 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 worth $589,000 after purchasing an additional 115 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SNOW shares. JMP Securities reduced their price target on shares of Snowflake from $235.00 to $190.00 and set a “market outperform” rating for the company in a research note on Thursday, August 22nd. UBS Group decreased their price target on Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. KeyCorp boosted their price objective on Snowflake from $150.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Citigroup decreased their target price on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research note on Monday, November 18th. Finally, Hsbc Global Res upgraded shares of Snowflake from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 23rd. 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. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $181.09.

Insider Transactions at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 76,692 shares of Snowflake stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $168.42, for a total value of $12,916,466.64. Following the transaction, the executive now directly owns 346,741 shares of the company’s stock, valued at $58,398,119.22. The trade was a 18.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Benoit Dageville sold 287 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the sale, the insider now directly owns 53,250 shares of the company’s stock, valued at $5,932,582.50. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 204,661 shares of company stock worth $32,004,752. 7.80% of the stock is owned by insiders.

Snowflake Stock Performance

SNOW opened at $173.62 on Thursday. The firm has a market cap of $58.20 billion, a P/E ratio of -51.22 and a beta of 0.83. The business has a 50 day moving average price of $123.68 and a 200 day moving average price of $128.32. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72.

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.