Rehmann Capital Advisory Group Has $222,000 Position in Snowflake Inc. (NYSE:SNOW)

Rehmann Capital Advisory Group raised its stake in Snowflake Inc. (NYSE:SNOW) by 10.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,932 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Snowflake were worth $222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC grew its holdings in shares of Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares in the last quarter. Groupama Asset Managment acquired a new stake in Snowflake during the third quarter valued at $25,000. Wellington Shields Capital Management LLC purchased a new position in Snowflake in the second quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in Snowflake in the 3rd quarter worth about $30,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Snowflake during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the topic of a number of research reports. Argus initiated coverage on Snowflake in a report on Tuesday, October 1st. They issued a “hold” rating on the stock. Stifel Nicolaus dropped their price target on shares of Snowflake from $200.00 to $168.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Evercore ISI raised their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Monness Crespi & Hardt upped their price objective on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Citigroup cut their target price on Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $183.89.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 6,251 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total transaction of $715,051.89. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at $23,877,196.65. This trade represents a 2.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Benoit Dageville sold 1,946 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $222,602.94. Following the completion of the sale, the insider now owns 53,820 shares in the company, valued at approximately $6,156,469.80. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,384 shares of company stock worth $47,993,609 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

SNOW opened at $167.58 on Friday. The stock has a market cap of $55.32 billion, a PE ratio of -49.43 and a beta of 1.03. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The stock’s 50 day simple moving average is $138.94 and its 200-day simple moving average is $129.81. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Snowflake 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.