Stratos Wealth Advisors LLC Sells 983 Shares of Snowflake Inc. (NYSE:SNOW)

Stratos Wealth Advisors LLC decreased its position in Snowflake Inc. (NYSE:SNOW) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,925 shares of the company’s stock after selling 983 shares during the period. Stratos Wealth Advisors LLC’s holdings in Snowflake were worth $1,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SNOW. Jennison Associates LLC lifted its position in shares of Snowflake by 92.2% during the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares during the last quarter. State Street Corp lifted its holdings in Snowflake by 0.8% during the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after purchasing an additional 54,909 shares during the last quarter. Geode Capital Management LLC boosted its position in Snowflake by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock worth $475,894,000 after purchasing an additional 138,663 shares during the period. Two Sigma Advisers LP increased its stake in shares of Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after purchasing an additional 881,700 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in shares of Snowflake by 19,399.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after purchasing an additional 2,559,144 shares during the period. 65.10% of the stock is owned by institutional investors.

Snowflake Stock Performance

Snowflake stock opened at $186.16 on Friday. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The firm has a market cap of $61.45 billion, a P/E ratio of -54.91 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $170.36 and a 200-day moving average of $138.86.

Analyst Ratings Changes

SNOW has been the subject of several analyst reports. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. StockNews.com cut shares of Snowflake from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Piper Sandler boosted their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Loop Capital increased their price objective on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Wedbush raised Snowflake from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.06.

Insiders Place Their Bets

In related news, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the sale, the director now owns 195,281 shares of the company’s stock, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the transaction, the chief accounting officer now directly owns 26,874 shares in the company, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 516,933 shares of company stock worth $88,283,752. 7.80% of the stock is currently owned by company insiders.

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.