Charles Schwab Funding Administration Inc. lifted its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 3.0% within the third quarter, in response to the corporate in its most up-to-date disclosure with the Securities & Change Fee. The agency owned 1,247,511 shares of the corporate’s inventory after shopping for a further 36,704 shares in the course of the interval. Charles Schwab Funding Administration Inc. owned about 0.37% of Snowflake value $143,289,000 as of its most up-to-date SEC submitting.
Quite a lot of different institutional traders and hedge funds have additionally modified their holdings of the enterprise. LRI Investments LLC lifted its stake in Snowflake by 155.6% within the 2nd quarter. LRI Investments LLC now owns 184 shares of the corporate’s inventory value $25,000 after buying a further 112 shares within the final quarter. Wellington Shields Capital Administration LLC bought a brand new stake in shares of Snowflake within the second quarter value roughly $27,000. V Sq. Quantitative Administration LLC acquired a brand new stake in shares of Snowflake in the course of the third quarter value roughly $30,000. Fortitude Household Workplace LLC bought a brand new place in Snowflake in the course of the third quarter valued at roughly $34,000. Lastly, Opal Wealth Advisors LLC acquired a brand new place in Snowflake within the 2nd quarter valued at roughly $39,000. Hedge funds and different institutional traders personal 65.10% of the corporate’s inventory.
Analyst Scores Adjustments
Quite a lot of brokerages have issued stories on SNOW. Deutsche Financial institution Aktiengesellschaft lifted their goal worth on shares of Snowflake from $180.00 to $190.00 and gave the corporate a “purchase” score in a analysis notice on Thursday. Barclays boosted their goal worth on Snowflake from $142.00 to $172.00 and gave the corporate an “equal weight” score in a analysis notice on Thursday. Oppenheimer reaffirmed an “outperform” score and set a $180.00 worth goal on shares of Snowflake in a analysis notice on Thursday. Citigroup lowered their worth goal on Snowflake from $200.00 to $183.00 and set a “purchase” score for the corporate in a analysis notice on Monday, November 18th. Lastly, Wells Fargo & Firm raised their worth goal on shares of Snowflake from $125.00 to $150.00 and gave the corporate an “equal weight” score in a analysis report on Thursday. One funding analyst has rated the inventory with a promote score, twelve have given a maintain score and twenty-six have given a purchase score to the inventory. In line with MarketBeat, Snowflake at present has a consensus score of “Reasonable Purchase” and a consensus goal worth of $180.23.
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Snowflake Value Efficiency
SNOW opened at $167.44 on Monday. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week excessive of $237.72. The corporate has a market capitalization of $56.13 billion, a P/E ratio of -49.39 and a beta of 0.83. The agency’s fifty day transferring common worth is $120.06 and its two-hundred day transferring common worth is $127.80.
Insider Exercise at Snowflake
In different information, insider Benoit Dageville offered 1,946 shares of the enterprise’s inventory in a transaction on Tuesday, September seventeenth. The shares had been offered at a median worth of $114.39, for a complete worth of $222,602.94. Following the sale, the insider now owns 53,820 shares within the firm, valued at roughly $6,156,469.80. The commerce was a 3.49 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of this hyperlink. Additionally, EVP Christian Kleinerman offered 15,000 shares of the inventory in a transaction dated Wednesday, November sixth. The inventory was offered at a median worth of $120.77, for a complete transaction of $1,811,550.00. Following the sale, the manager vp now owns 706,755 shares of the corporate’s inventory, valued at $85,354,801.35. This commerce represents a 2.08 % lower of their place. The disclosure for this sale will be discovered right here. Insiders have offered a complete of 59,538 shares of firm inventory valued at $7,061,544 during the last quarter. 7.80% of the inventory is owned by firm insiders.
About Snowflake
Snowflake Inc offers a cloud-based information platform for varied organizations in america and internationally. Its platform affords Information Cloud, which permits prospects to consolidate information right into a single supply of fact to drive significant enterprise insights, construct data-driven functions, and share information and information merchandise, in addition to applies synthetic intelligence (AI) for fixing enterprise issues.
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