Linden Thomas Advisory Services LLC Acquires 796 Shares of Snowflake Inc. (NYSE:SNOW)

Linden Thomas Advisory Services LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,557 shares of the company’s stock after acquiring an additional 796 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Snowflake were worth $1,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Groupama Asset Managment bought a new stake in Snowflake in the third quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Snowflake during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $34,000. Perkins Coie Trust Co lifted its stake in Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Snowflake by 1,437.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 0.5 %

SNOW stock opened at $174.05 on Friday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The stock has a market cap of $57.45 billion, a P/E ratio of -51.34 and a beta of 1.05. The business’s 50-day moving average price is $165.83 and its 200-day moving average price is $136.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

SNOW has been the topic of several recent research reports. Scotiabank upped their price objective on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Royal Bank of Canada upped their price target on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Finally, Monness Crespi & Hardt lifted their price target on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $188.06.

Insider Activity

In other Snowflake news, CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction on Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the sale, the chief accounting officer now directly owns 26,874 shares in the company, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the transaction, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 504,151 shares of company stock worth $84,973,139 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

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.