This afternoon we watched Snowflake rise 5.7% to a price of $158.77 per share. The large-cap Software company is now trading -19.95% below its average target price of $198.35. Analysts have set target prices ranging from $105.0 to $600.0 per share for Snowflake, and have given the stock an average rating of buy.
Snowflake's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.9%. The stock's short ratio is 1.8. The company's insiders own 9.45% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 67.0%. In conclusion, we believe there is positive market sentiment regarding Snowflake.
Institutions Invested in Snowflake
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 6% | 18,685,679 | $2,966,725,334 |
| 2023-06-30 | Altimeter Capital Management, LP | 5% | 15,369,459 | $2,440,209,071 |
| 2023-06-30 | Blackrock Inc. | 4% | 14,088,422 | $2,236,818,821 |
| 2023-06-30 | Morgan Stanley | 4% | 13,335,356 | $2,117,254,529 |
| 2023-06-30 | Sc Us (ttgp), Ltd. | 4% | 13,062,647 | $2,073,956,519 |
| 2023-06-30 | Capital Research Global Investors | 3% | 10,239,074 | $1,625,657,822 |
| 2023-06-30 | Jennison Associates LLC | 2% | 7,399,711 | $1,174,852,147 |
| 2023-06-30 | Berkshire Hathaway, Inc | 2% | 6,125,376 | $972,525,973 |
| 2023-06-30 | State Street Corporation | 2% | 5,953,850 | $945,292,789 |
| 2023-06-30 | Sands Capital Management, LLC | 2% | 4,971,043 | $789,252,518 |
