Garde Capital Inc. Has $695,000 Holdings in Snowflake Inc. (NYSE:SNOW)

Garde Capital Inc. boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,050 shares of the company’s stock after purchasing an additional 526 shares during the quarter. Garde Capital Inc.’s holdings in Snowflake were worth $695,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its stake in Snowflake by 19,399.2% in the third 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 in the last quarter. Two Sigma Advisers LP raised its position in shares of Snowflake by 27.9% in the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after buying an additional 881,700 shares in the last quarter. AQR Capital Management LLC lifted 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 worth $131,656,000 after acquiring an additional 660,168 shares during the period. SG Americas Securities LLC boosted its position in shares of Snowflake by 471.9% during the 3rd 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 in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Snowflake by 90.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,265,367 shares of the company’s stock valued at $170,938,000 after acquiring an additional 600,469 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 1.2 %

Shares of NYSE SNOW opened at $169.98 on Friday. The stock has a market capitalization of $56.11 billion, a P/E ratio of -50.14 and a beta of 1.03. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The firm’s 50 day simple moving average is $137.88 and its two-hundred day simple moving average is $129.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Activity

In other news, Director Frank Slootman sold 6,251 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $715,051.89. Following the transaction, the director now owns 208,735 shares in the company, valued at approximately $23,877,196.65. This trade represents a 2.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Benoit Dageville sold 287 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $31,974.67. Following the transaction, the insider now directly owns 53,250 shares of the company’s stock, valued at approximately $5,932,582.50. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,384 shares of company stock valued at $47,993,609. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SNOW. Royal Bank of Canada raised their target price on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI raised their target price on Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. KeyCorp lifted their target price on Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Loop Capital cut their price target on Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. 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. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $183.89.

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.