Wealthspire Advisors LLC Acquires 791 Shares of Snowflake Inc. (NYSE:SNOW)

Wealthspire Advisors LLC raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,562 shares of the company’s stock after buying an additional 791 shares during the period. Wealthspire Advisors LLC’s holdings in Snowflake were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in shares of Snowflake in the 4th quarter valued at approximately $29,000. Groupama Asset Managment bought a new position in shares of Snowflake in the third quarter valued at approximately $25,000. Perkins Coie Trust Co lifted its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of 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 bought a new stake in shares of Snowflake during the 4th quarter worth $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush set a $210.00 target price on shares of Snowflake in a research report on Wednesday, January 22nd. Truist Financial reissued a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a research report on Tuesday, February 18th. Finally, BTIG Research raised Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. The trade was 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, Director Frank Slootman sold 2,218 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $175.00, for a total value of $388,150.00. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at $36,528,625. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 371,810 shares of company stock valued at $63,340,544 over the last ninety days. 7.80% of the stock is owned by insiders.

Snowflake Trading Down 4.0 %

SNOW stock opened at $170.78 on Tuesday. The business has a fifty day moving average price of $172.85 and a 200 day moving average price of $144.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of -50.38 and a beta of 1.07. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $235.66.

Snowflake Company 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.