Townsquare Capital LLC Acquires 23,832 Shares of Snowflake Inc. (NYSE:SNOW)

Townsquare Capital LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,170 shares of the company’s stock after acquiring an additional 23,832 shares during the quarter. Townsquare Capital LLC owned about 0.08% of Snowflake worth $31,606,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board raised 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 buying an additional 2,559,144 shares during the period. Swedbank AB purchased a new stake in shares of Snowflake in the first quarter valued at $258,957,000. AQR Capital Management LLC raised its stake in shares of Snowflake by 210.0% in the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock valued at $131,656,000 after acquiring an additional 660,168 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Snowflake by 471.9% in the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after acquiring an additional 628,511 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Snowflake by 90.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,265,367 shares of the company’s stock worth $170,938,000 after purchasing an additional 600,469 shares during the period. 65.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SNOW. Loop Capital dropped their price objective on Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Royal Bank of Canada raised their price target on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Piper Sandler restated an “overweight” rating and issued a $185.00 price target (up previously from $165.00) on shares of Snowflake in a report on Thursday, November 21st. Finally, Mizuho upped their price target on shares of Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.09.

Insider Activity at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 76,692 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the transaction, the executive now owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 1,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $176,595.76. Following the sale, the director now directly owns 218,246 shares in the company, valued at approximately $23,998,330.16. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,126 shares of company stock valued at $28,058,461. 7.80% of the stock is owned by company insiders.

Snowflake Trading Down 0.1 %

Shares of SNOW stock opened at $171.19 on Wednesday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The business’s 50 day moving average is $122.43 and its two-hundred day moving average is $128.01.

Snowflake Company 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.