Snowflake Inc. (NYSE:SNOW) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its stake in Snowflake Inc. (NYSE:SNOW) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,980 shares of the company’s stock after selling 633 shares during the period. Atria Wealth Solutions Inc.’s holdings in Snowflake were worth $2,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SNOW. Blue Trust Inc. lifted its stake in shares of Snowflake by 168.5% in the third quarter. Blue Trust Inc. now owns 1,407 shares of the company’s stock valued at $162,000 after purchasing an additional 883 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Snowflake by 73.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 792 shares of the company’s stock valued at $91,000 after purchasing an additional 335 shares during the period. Signaturefd LLC raised its position in Snowflake by 13.0% during the third quarter. Signaturefd LLC now owns 2,161 shares of the company’s stock worth $248,000 after acquiring an additional 248 shares during the last quarter. International Assets Investment Management LLC raised its position in Snowflake by 12,318.3% during the third quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock worth $60,977,000 after acquiring an additional 526,608 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in Snowflake by 0.5% during the third quarter. IFM Investors Pty Ltd now owns 59,081 shares of the company’s stock worth $6,786,000 after acquiring an additional 294 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 394,345 shares of company stock worth $67,286,835 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNOW. Citigroup cut their price objective on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. UBS Group upped their price target on shares of Snowflake from $155.00 to $190.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Scotiabank upped their target price on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, TD Cowen upped their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $193.43.

Snowflake Stock Performance

Shares of SNOW opened at $177.79 on Friday. The firm has a 50-day moving average price of $172.88 and a 200 day moving average price of $143.96. The firm has a market capitalization of $58.69 billion, a PE ratio of -52.45 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $235.66.

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.