Snowflake Inc. (NYSE:SNOW) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 27.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,005 shares of the company’s stock after acquiring an additional 3,206 shares during the period. Great Valley Advisor Group Inc.’s holdings in Snowflake were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SNOW. LRI Investments LLC bought a new stake in shares of Snowflake during the 1st quarter worth about $29,000. Wellington Shields Capital Management LLC bought a new stake in Snowflake during the second quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Snowflake in the third quarter worth approximately $30,000. Global Financial Private Client LLC bought a new position in Snowflake during the 1st quarter valued at $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Snowflake during the 2nd quarter valued at $39,000. 65.10% of the stock is owned by institutional investors.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00. Following the sale, the executive vice president now directly owns 721,755 shares of the company’s stock, valued at approximately $86,610,600. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 1,606 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total value of $176,595.76. Following the transaction, the director now directly owns 218,246 shares of the company’s stock, valued at $23,998,330.16. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,538 shares of company stock valued at $7,061,544. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $167.44 on Monday. The stock’s 50-day moving average is $120.06 and its two-hundred day moving average is $127.80. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Argus started coverage on shares of Snowflake in a research report on Tuesday, October 1st. They set a “hold” rating for the company. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price objective on shares of Snowflake in a research report on Tuesday, November 19th. JMP Securities decreased their target price on Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a report on Thursday, August 22nd. Finally, Scotiabank reduced their target price on Snowflake from $195.00 to $165.00 and set a “sector outperform” rating for the company in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $180.23.

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.