Snowflake Inc. (NYSE:SNOW) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Snowflake Inc. (NYSE:SNOWFree Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,474 shares of the company’s stock after acquiring an additional 10,575 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Snowflake worth $39,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of Snowflake by 9.3% in the 4th quarter. QRG Capital Management Inc. now owns 34,990 shares of the company’s stock valued at $6,963,000 after acquiring an additional 2,965 shares during the period. Strategic Advocates LLC grew its position in Snowflake by 55.8% during the 4th quarter. Strategic Advocates LLC now owns 7,836 shares of the company’s stock worth $1,559,000 after purchasing an additional 2,806 shares during the period. Seven Grand Managers LLC acquired a new stake in Snowflake during the 4th quarter worth about $4,975,000. Qsemble Capital Management LP grew its position in Snowflake by 247.7% during the 4th quarter. Qsemble Capital Management LP now owns 13,560 shares of the company’s stock worth $2,698,000 after purchasing an additional 9,660 shares during the period. Finally, AGF Management Ltd. acquired a new stake in Snowflake during the 4th quarter worth about $382,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Stock Down 4.9 %

Shares of Snowflake stock opened at $140.93 on Friday. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72. The firm has a market cap of $47.10 billion, a price-to-earnings ratio of -50.33 and a beta of 0.90. The company’s 50-day simple moving average is $156.25 and its 200-day simple moving average is $179.90.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.54%. The company had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Equities research analysts anticipate that Snowflake Inc. will post -1.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Monness Crespi & Hardt raised Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Truist Financial decreased their price target on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Guggenheim raised shares of Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Finally, Mizuho reissued a “buy” rating and issued a $205.00 target price (down from $255.00) on shares of Snowflake in a research note on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.64.

Get Our Latest Report on SNOW

Insider Buying and Selling at Snowflake

In other Snowflake news, insider Benoit Dageville sold 689 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $111,218.38. Following the sale, the insider now owns 70,665 shares of the company’s stock, valued at $11,406,744.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Christian Kleinerman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $161.94, for a total transaction of $242,910.00. Following the transaction, the executive vice president now owns 772,291 shares of the company’s stock, valued at $125,064,804.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Benoit Dageville sold 689 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $161.42, for a total transaction of $111,218.38. Following the transaction, the insider now directly owns 70,665 shares in the company, valued at approximately $11,406,744.30. The disclosure for this sale can be found here. Insiders have sold 68,880 shares of company stock valued at $10,832,965 over the last quarter. Corporate insiders own 7.80% of the company’s stock.

About Snowflake

(Free Report)

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.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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