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

Diversify Advisory Services LLC increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 100,284 shares of the company’s stock after buying an additional 6,922 shares during the period. Snowflake makes up 0.9% of Diversify Advisory Services LLC’s holdings, making the stock its 20th biggest holding. Diversify Advisory Services LLC’s holdings in Snowflake were worth $16,292,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Breakwater Capital Group raised its position in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after acquiring an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after purchasing an additional 90 shares during the period. Modus Advisors LLC raised its holdings in Snowflake by 3.9% during the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after purchasing an additional 94 shares during the last quarter. Catalyst Private Wealth LLC lifted its position in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Snowflake by 6.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of SNOW stock opened at $170.89 on Monday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The firm has a 50 day moving average price of $161.11 and a two-hundred day moving average price 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.

Insider Buying and Selling

In other news, Director Frank Slootman sold 45,896 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 376,904 shares of company stock valued at $62,545,855. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SNOW. Scotiabank increased their price objective on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Jefferies Financial Group increased their price target on Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Royal Bank of Canada lifted their price objective on Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. JMP Securities reissued a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake 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.