Calamos Wealth Management LLC Purchases 1,436 Shares of Snowflake Inc. (NYSE:SNOW)

Calamos Wealth Management LLC grew its stake in Snowflake Inc. (NYSE:SNOW) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,612 shares of the company’s stock after buying an additional 1,436 shares during the period. Calamos Wealth Management LLC’s holdings in Snowflake were worth $11,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jennison Associates LLC raised its stake in shares of Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Snowflake by 19,399.2% during 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 acquiring an additional 2,559,144 shares during the period. Two Sigma Advisers LP grew its position in Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares during the last quarter. International Assets Investment Management LLC increased its stake in Snowflake by 12,318.3% in the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock worth $60,977,000 after purchasing an additional 526,608 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Snowflake by 96.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company’s stock valued at $120,076,000 after purchasing an additional 513,214 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the sale, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at $123,625,813. The trade was a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 504,151 shares of company stock valued at $84,973,139. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNOW. Royal Bank of Canada lifted their price objective on Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Cantor Fitzgerald initiated coverage on shares of Snowflake in a report on Friday, January 17th. They issued an “overweight” rating and a $201.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 target price on shares of Snowflake in a research note on Tuesday, November 19th. Finally, Loop Capital raised their price target on Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.06.

Snowflake Trading Up 0.7 %

Snowflake stock opened at $182.70 on Tuesday. The firm’s fifty day moving average price is $169.48 and its 200 day moving average price is $137.72. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

About Snowflake

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.