Snowflake Inc. (NYSE:SNOW) Shares Bought by 180 Wealth Advisors LLC

180 Wealth Advisors LLC increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,690 shares of the company’s stock after purchasing an additional 195 shares during the quarter. Snowflake accounts for about 0.7% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest holding. 180 Wealth Advisors LLC’s holdings in Snowflake were worth $4,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment acquired a new stake in shares of Snowflake in the 3rd quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new position in Snowflake during the 3rd quarter worth $34,000. Larson Financial Group LLC grew its stake in shares of Snowflake by 81.3% in the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in shares of Snowflake during the third quarter valued at $40,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Down 0.1 %

Snowflake stock opened at $162.36 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The firm has a fifty day moving average price of $157.39 and a two-hundred day moving average price of $134.18. The firm has a market cap of $53.60 billion, a price-to-earnings ratio of -47.89 and a beta of 1.05.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the sale, the executive now owns 311,999 shares in the company, valued at $49,058,722.76. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 376,904 shares of company stock worth $62,545,855. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Argus started coverage on shares of Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating for the company. Citigroup lowered their price objective on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Finally, Piper Sandler upped their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.69.

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.