Snowflake Inc. (NYSE:SNOW) Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC trimmed its holdings in Snowflake Inc. (NYSE:SNOW) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,065 shares of the company’s stock after selling 115 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Snowflake were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake in the 4th quarter worth $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake in the 3rd quarter valued at $25,000. Perkins Coie Trust Co increased its stake in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after buying an additional 230 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Snowflake during the fourth quarter valued at about $38,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 0.2 %

Snowflake stock opened at $173.92 on Wednesday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $57.41 billion, a PE ratio of -51.30 and a beta of 1.07. The business’s 50-day simple moving average is $173.65 and its 200-day simple moving average is $146.42.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now directly owns 308,164 shares of the company’s stock, valued at $56,045,786.68. This represents a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 282,193 shares of company stock valued at $47,520,063 in the last 90 days. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNOW. Wells Fargo & Company lifted their target price on shares of Snowflake from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Cantor Fitzgerald lifted their price objective on shares of Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Canaccord Genuity Group increased their target price on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. BTIG Research raised Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Thursday, February 20th. Finally, TD Cowen upped their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

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.