Snowflake Inc. (NYSE:SNOW) Shares Sold by EMC Capital Management

EMC Capital Management lowered its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 84.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,060 shares of the company's stock after selling 16,521 shares during the quarter. EMC Capital Management's holdings in Snowflake were worth $472,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Snowflake by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company's stock worth $36,332,000 after buying an additional 56,027 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Snowflake by 71.2% during the 2nd quarter. ProShare Advisors LLC now owns 2,438 shares of the company's stock valued at $329,000 after acquiring an additional 1,014 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Snowflake by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 33,182 shares of the company's stock valued at $4,482,000 after purchasing an additional 146 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Snowflake by 42.5% during the 2nd quarter. NewEdge Advisors LLC now owns 13,800 shares of the company's stock valued at $1,864,000 after buying an additional 4,116 shares during the period. Finally, Quarry LP boosted its stake in shares of Snowflake by 608.2% in the 2nd quarter. Quarry LP now owns 949 shares of the company's stock worth $128,000 after buying an additional 815 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 45,896 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the transaction, the director now owns 208,735 shares of the company's stock, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 504,151 shares of company stock worth $84,973,139 over the last three months. 7.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent research reports. Mizuho boosted their price objective on shares of Snowflake from $165.00 to $195.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $180.00 price target on shares of Snowflake in a research note on Tuesday, November 19th. JMP Securities reiterated a "market outperform" rating and issued a $190.00 price target on shares of Snowflake in a report on Tuesday, December 3rd. Evercore ISI boosted their target price on Snowflake from $170.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Monness Crespi & Hardt upped their price target on shares of Snowflake from $140.00 to $188.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and a consensus price target of $188.06.

Snowflake Trading Down 1.9 %

NYSE SNOW traded down $3.46 during mid-day trading on Thursday, reaching $179.42. 6,423,443 shares of the stock were exchanged, compared to its average volume of 5,251,604. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $59.23 billion, a P/E ratio of -52.93 and a beta of 1.05. The stock has a 50 day simple moving average of $169.02 and a 200-day simple moving average of $137.06.

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.