Snowflake Inc. (NYSE:SNOW) Shares Sold by Holocene Advisors LP

Holocene Advisors LP decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 19.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 501,758 shares of the company’s stock after selling 120,363 shares during the period. Holocene Advisors LP’s holdings in Snowflake were worth $57,632,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC lifted its stake in Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 112 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new position in Snowflake during the 2nd quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in Snowflake during the 3rd quarter worth about $30,000. Fortitude Family Office LLC acquired a new position in Snowflake during the 3rd quarter worth about $34,000. Finally, Opal Wealth Advisors LLC acquired a new position in Snowflake during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Down 1.4 %

Shares of SNOW stock opened at $172.33 on Tuesday. The business’s 50 day moving average is $126.17 and its two-hundred day moving average is $128.27. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SNOW shares. UBS Group reduced their price target on Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Jefferies Financial Group increased their price target on Snowflake from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com lowered Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. HSBC raised Snowflake from a “reduce” rating to a “hold” rating and increased their price target for the company from $119.00 to $121.00 in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft increased 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $181.09.

Insider Buying and Selling at Snowflake

In other news, insider Benoit Dageville sold 287 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total value of $61,357.68. Following the completion of the sale, the executive vice president now directly owns 759,473 shares of the company’s stock, valued at $83,511,651.08. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,278 shares of company stock worth $42,512,248. 7.80% of the stock is currently owned by insiders.

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.