Guggenheim Capital LLC Sells 222 Shares of Snowflake Inc. (NYSE:SNOW)

Guggenheim Capital LLC lowered its stake in shares of Snowflake Inc. (NYSE:SNOW – Get Rating) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,091 shares of the company’s stock after selling 222 shares during the period. Guggenheim Capital LLC’s holdings in Snowflake were worth $695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Snowflake during the 2nd quarter worth approximately $28,000. Ronald Blue Trust Inc. raised its stake in shares of Snowflake by 41.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 198 shares of the company’s stock worth $28,000 after purchasing an additional 58 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Quent Capital LLC raised its stake in shares of Snowflake by 7,033.3% during the 2nd quarter. Quent Capital LLC now owns 214 shares of the company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in shares of Snowflake during the 2nd quarter worth approximately $32,000. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, Director John Dennis Mcmahon sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $142.65, for a total transaction of $142,650.00. Following the completion of the sale, the director now owns 154,902 shares of the company’s stock, valued at $22,096,770.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Michael Scarpelli sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $151.76, for a total transaction of $30,352,000.00. Following the completion of the sale, the chief financial officer now owns 101,097 shares of the company’s stock, valued at $15,342,480.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dennis Mcmahon sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $142.65, for a total value of $142,650.00. Following the sale, the director now directly owns 154,902 shares of the company’s stock, valued at approximately $22,096,770.30. The disclosure for this sale can be found here. Insiders sold 211,053 shares of company stock valued at $31,901,869 over the last 90 days. Company insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their price target on Snowflake from $180.00 to $150.00 in a research note on Thursday, December 1st. Oppenheimer dropped their price target on Snowflake from $230.00 to $190.00 in a research note on Thursday, December 1st. Canaccord Genuity Group dropped their price target on Snowflake from $220.00 to $195.00 in a research note on Thursday, December 1st. Cowen dropped their price target on Snowflake from $235.00 to $225.00 in a research note on Thursday, December 1st. Finally, Barclays dropped their price target on Snowflake from $180.00 to $171.00 and set an “overweight” rating on the stock in a research note on Thursday, March 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $187.75.

Snowflake Price Performance

Shares of SNOW opened at $136.30 on Friday. Snowflake Inc. has a 1 year low of $110.26 and a 1 year high of $246.52. The company has a market capitalization of $43.83 billion, a price-to-earnings ratio of -54.52 and a beta of 0.75. The business has a 50-day moving average of $149.11 and a 200-day moving average of $156.63.

About Snowflake

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.