Diversify Advisory Services LLC Has $16.29 Million Position in Snowflake Inc. (NYSE:SNOW)

Diversify Advisory Services LLC grew its holdings in Snowflake Inc. (NYSE:SNOW) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,284 shares of the company’s stock after purchasing an additional 6,922 shares during the period. Snowflake makes up 0.9% of Diversify Advisory Services LLC’s portfolio, making the stock its 20th biggest position. Diversify Advisory Services LLC’s holdings in Snowflake were worth $16,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Groupama Asset Managment acquired a new stake in Snowflake during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Snowflake in the third quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the third quarter worth approximately $34,000. Perkins Coie Trust Co grew its position in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Snowflake by 81.3% in the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 1.9 %

Shares of NYSE SNOW opened at $170.89 on Monday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The business has a fifty day simple moving average of $161.11 and a 200 day simple moving average of $134.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SNOW shares. Loop Capital lifted their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. JMP Securities restated a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $200.00 in a research note on Tuesday, January 7th. UBS Group lowered their price target on Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Argus initiated coverage on shares of Snowflake in a research report on Tuesday, October 1st. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $188.06.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the transaction, the executive vice president now owns 706,755 shares in the company, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Christopher William Degnan sold 76,692 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the sale, the executive now owns 346,741 shares in the company, valued at $58,398,119.22. This trade represents a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 376,904 shares of company stock valued at $62,545,855 in the last 90 days. 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.