AQR Capital Management LLC Has $109.77 Million Position in Snowflake Inc. (NYSE:SNOW)

AQR Capital Management LLC lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 710,866 shares of the company’s stock after buying an additional 220,629 shares during the period. AQR Capital Management LLC owned about 0.22% of Snowflake worth $109,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SNOW. Stonebridge Financial Group LLC purchased a new position in Snowflake during the 4th quarter valued at about $29,000. Quadrant Capital Group LLC grew its position in Snowflake by 74.6% during the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company’s stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 144 shares during the period. Perkins Coie Trust Co lifted its position in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of SNOW stock opened at $160.28 on Wednesday. The stock’s fifty day moving average is $153.86 and its 200-day moving average is $156.33. 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 52 week low of $107.13 and a 52 week high of $194.40. The stock has a market capitalization of $52.91 billion, a PE ratio of -47.28 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the sale, the director now directly owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 374,342 shares of company stock valued at $61,578,513 in the last 90 days. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SNOW shares. Mizuho increased their price objective on Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Snowflake from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective on the stock in a research report on Tuesday, February 18th. UBS Group increased their price target on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.27.

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.