Dakota Wealth Management Invests $3.73 Million in Snowflake Inc. (NYSE:SNOW)

Dakota Wealth Management purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,150 shares of the company’s stock, valued at approximately $3,729,000.

Several other large investors have also recently bought and sold shares of SNOW. Ontario Teachers Pension Plan Board increased its holdings in shares of Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after purchasing an additional 2,559,144 shares during the period. Two Sigma Advisers LP lifted its position in Snowflake by 27.9% in the 3rd 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. AQR Capital Management LLC grew its holdings in shares of Snowflake by 210.0% during the 2nd quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock valued at $131,656,000 after acquiring an additional 660,168 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Snowflake by 471.9% in the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after acquiring an additional 628,511 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Snowflake by 12,318.3% in the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock worth $60,977,000 after acquiring an additional 526,608 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the transaction, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This represents a 2.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total value of $2,009,841.68. Following the completion of the sale, the executive now directly owns 311,999 shares in the company, valued at approximately $49,058,722.76. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 376,904 shares of company stock valued at $62,545,855. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SNOW. Wedbush downgraded Snowflake from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. DA Davidson reissued a “buy” rating and issued a $175.00 price target on shares of Snowflake in a research note on Thursday, October 3rd. Argus assumed coverage on shares of Snowflake in a research report on Tuesday, October 1st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com downgraded shares of Snowflake from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $188.06.

Snowflake Stock Performance

SNOW opened at $177.54 on Thursday. 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 firm’s fifty day moving average price is $163.02 and its two-hundred day moving average price is $135.33. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week 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.