180 Wealth Advisors LLC Acquires 195 Shares of Snowflake Inc. (NYSE:SNOW)

180 Wealth Advisors LLC grew its holdings in Snowflake Inc. (NYSE:SNOW) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,690 shares of the company’s stock after acquiring an additional 195 shares during the period. Snowflake makes up 0.7% of 180 Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. 180 Wealth Advisors LLC’s holdings in Snowflake were worth $4,276,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SNOW. Groupama Asset Managment bought a new stake in Snowflake in the third quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at $30,000. Fortitude Family Office LLC bought a new stake in shares of Snowflake in the 3rd quarter worth about $34,000. Larson Financial Group LLC increased its position in shares of Snowflake by 81.3% during the 3rd 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 bought a new position in Snowflake during the 3rd quarter valued at about $40,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SNOW shares. Bank of America upped their price objective on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Friday. Rosenblatt Securities restated a “buy” rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Monness Crespi & Hardt lifted their price target on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Loop Capital upped their price target on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.69.

Snowflake Trading Down 0.1 %

Shares of NYSE:SNOW opened at $162.36 on Tuesday. The firm has a market cap of $53.60 billion, a price-to-earnings ratio of -47.89 and a beta of 1.05. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company’s fifty day simple moving average is $157.39 and its 200 day simple moving average is $134.18. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Activity at Snowflake

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

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.