Dimensional Fund Advisors LP Has $52.13 Million Stake in Snowflake Inc. (NYSE:SNOW)

Dimensional Fund Advisors LP reduced its position in shares of Snowflake Inc. (NYSE:SNOW) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 337,560 shares of the company’s stock after selling 7,891 shares during the quarter. Dimensional Fund Advisors LP owned 0.10% of Snowflake worth $52,125,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Asset Dedication LLC lifted its stake in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after acquiring an additional 59 shares in the last quarter. Breakwater Capital Group lifted its position in shares of Snowflake by 2.2% in the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock worth $317,000 after purchasing an additional 65 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after purchasing an additional 69 shares during the period. Finally, Larson Financial Group LLC grew its position in Snowflake by 21.8% during the fourth quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 1.4 %

SNOW opened at $167.71 on Friday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The firm has a market cap of $55.36 billion, a price-to-earnings ratio of -49.47 and a beta of 1.13. The firm’s 50-day simple moving average is $153.46 and its 200-day simple moving average is $156.96. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Insiders Place Their Bets

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now owns 292,610 shares of the company’s stock, valued at $47,756,878.10. This represents a 50.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 374,342 shares of company stock valued at $61,578,513. 7.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Snowflake from $215.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada lifted their price objective on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Truist Financial dropped their target price on Snowflake from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Needham & Company LLC lifted their price target on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Daiwa Capital Markets began coverage on Snowflake in a report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.28.

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.