1,582 Shares in Snowflake Inc. (NYSE:SNOW) Bought by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,582 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in Snowflake by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock valued at $36,332,000 after purchasing an additional 56,027 shares during the period. ProShare Advisors LLC grew its holdings in Snowflake by 71.2% during the 2nd quarter. ProShare Advisors LLC now owns 2,438 shares of the company’s stock valued at $329,000 after buying an additional 1,014 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Snowflake by 25.0% during the second quarter. Gabelli Funds LLC now owns 1,840 shares of the company’s stock valued at $249,000 after buying an additional 368 shares during the period. Insigneo Advisory Services LLC lifted its stake in Snowflake by 12.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 4,464 shares of the company’s stock worth $603,000 after purchasing an additional 501 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Snowflake by 7.0% during the second quarter. Toronto Dominion Bank now owns 29,987 shares of the company’s stock valued at $4,051,000 after buying an additional 1,957 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Trading Down 1.5 %

Shares of SNOW stock opened at $174.77 on Friday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s 50 day moving average is $163.96 and its 200 day moving average is $135.63.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the sale, the director now owns 195,281 shares of the company’s stock, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president now owns 691,755 shares in the company, valued at approximately $124,515,900. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 504,151 shares of company stock worth $84,973,139. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SNOW shares. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Mizuho raised their price objective on Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Citigroup lowered their price objective on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Barclays raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Finally, Oppenheimer boosted their target price on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

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.