Wealth Advisory Solutions LLC Has $2.02 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Wealth Advisory Solutions LLC reduced its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,065 shares of the company’s stock after selling 115 shares during the period. Wealth Advisory Solutions LLC’s holdings in Snowflake were worth $2,017,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Groupama Asset Managment bought a new position in Snowflake during the third quarter worth about $25,000. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake in the 4th quarter worth approximately $29,000. Perkins Coie Trust Co lifted its position in shares of Snowflake by 136.3% during the 4th 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 period. Union Bancaire Privee UBP SA acquired a new stake in Snowflake in the 4th quarter valued at $38,000. Finally, Geneos Wealth Management Inc. grew its position in Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after acquiring an additional 230 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SNOW shares. Cantor Fitzgerald lifted their price objective on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Bank of America upped their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Citigroup lifted their target price on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus boosted their target price on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the transaction, the director now owns 195,281 shares in the company, valued at $34,418,276.25. The trade was a 39.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 282,193 shares of company stock worth $47,520,063 in the last quarter. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Up 0.2 %

Shares of NYSE:SNOW opened at $173.92 on Wednesday. The company has a 50 day moving average price of $173.65 and a two-hundred day moving average price of $146.42. 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 company has a market capitalization of $57.41 billion, a PE ratio of -51.30 and a beta of 1.07. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40.

About Snowflake

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.