Quantitative Systematic Strategies LLC Acquires New Shares in Snowflake Inc. (NYSE:SNOW)

Quantitative Systematic Strategies LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 888 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also added to or reduced their stakes in the company. Swiss National Bank acquired a new stake in shares of Snowflake during the third quarter valued at about $21,335,000. Sei Investments Co. acquired a new stake in shares of Snowflake during the third quarter valued at about $4,068,000. GAM Holding AG acquired a new stake in shares of Snowflake during the third quarter valued at about $354,000. BlackRock Inc. acquired a new stake in shares of Snowflake during the third quarter valued at about $236,769,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Snowflake during the third quarter valued at about $502,000.

Shares of SNOW stock opened at $266.00 on Friday. The business has a 50 day simple moving average of $249.81. Snowflake Inc. has a fifty-two week low of $208.55 and a fifty-two week high of $319.00.

In other news, major shareholder Brad Gerstner acquired 420,000 shares of Snowflake stock in a transaction on Friday, September 18th. The stock was purchased at an average price of $120.00 per share, with a total value of $50,400,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

A number of analysts have recently commented on the company. Barclays assumed coverage on Snowflake in a research note on Monday, October 12th. They set an “equal weight” rating and a $256.00 price target on the stock. DA Davidson assumed coverage on Snowflake in a research note on Monday, October 12th. They set a “buy” rating and a $300.00 price target on the stock. Oppenheimer assumed coverage on Snowflake in a research report on Monday, October 12th. They set an “outperform” rating and a $300.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Snowflake in a research report on Monday, October 12th. They set a “neutral” rating and a $247.00 price objective for the company. Finally, JMP Securities assumed coverage on Snowflake in a research report on Monday, October 12th. They set an “outperform” rating and a $285.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $264.95.

Snowflake Company Profile

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

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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