Snowflake Inc. (NYSE:SNOW) Stock Holdings Increased by Independent Advisor Alliance

Independent Advisor Alliance grew its stake in shares of Snowflake Inc. (NYSE:SNOW) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,126 shares of the company’s stock after acquiring an additional 1,048 shares during the period. Independent Advisor Alliance’s holdings in Snowflake were worth $792,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNOW. Gallagher Capital Advisors LLC bought a new stake in shares of Snowflake in the 4th quarter valued at approximately $2,223,000. Daiwa Securities Group Inc. lifted its stake in shares of Snowflake by 186.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 76,686 shares of the company’s stock valued at $11,841,000 after purchasing an additional 49,930 shares during the last quarter. EPIQ Capital Group LLC increased its position in Snowflake by 8.0% during the fourth quarter. EPIQ Capital Group LLC now owns 2,927 shares of the company’s stock worth $452,000 after buying an additional 216 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Snowflake by 2.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 87,966 shares of the company’s stock worth $13,583,000 after buying an additional 2,259 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Snowflake during the 4th quarter valued at about $408,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the topic of several analyst reports. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Piper Sandler upped their price target on shares of Snowflake from $208.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities increased their price objective on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $202.92.

Insiders Place Their Bets

In related news, EVP Christian Kleinerman sold 685 shares of Snowflake stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $100,859.40. Following the completion of the sale, the executive vice president now directly owns 622,611 shares of the company’s stock, valued at $91,673,243.64. The trade was a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Emily Ho sold 1,508 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 297,391 shares of company stock valued at $50,053,371. 7.80% of the stock is currently owned by insiders.

Snowflake Trading Up 4.4 %

SNOW stock opened at $156.41 on Friday. The business has a fifty day moving average of $173.24 and a 200-day moving average of $148.09. The company has a market cap of $51.63 billion, a P/E ratio of -46.14 and a beta of 1.07. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.