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

Atria Wealth Solutions Inc. boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,215 shares of the company’s stock after purchasing an additional 5,408 shares during the period. Atria Wealth Solutions Inc.’s holdings in Snowflake were worth $2,829,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Hartline Investment Corp boosted its position in Snowflake by 3.7% in the 4th quarter. Hartline Investment Corp now owns 74,133 shares of the company’s stock valued at $14,752,000 after buying an additional 2,656 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Snowflake by 300.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 288 shares of the company’s stock valued at $57,000 after purchasing an additional 216 shares during the last quarter. F M Investments LLC acquired a new stake in Snowflake during the 4th quarter valued at approximately $1,767,000. Yousif Capital Management LLC increased its holdings in Snowflake by 4.6% during the 4th quarter. Yousif Capital Management LLC now owns 3,110 shares of the company’s stock worth $619,000 after purchasing an additional 138 shares during the last quarter. Finally, NewSquare Capital LLC acquired a new position in shares of Snowflake in the 4th quarter valued at approximately $3,489,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNOW has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Snowflake from $185.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Bank of America cut their target price on shares of Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada decreased their price target on Snowflake from $255.00 to $246.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Finally, Truist Financial decreased their target price on Snowflake from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.00.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total transaction of $234,570.00. Following the completion of the sale, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at approximately $121,053,288.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $156.38, for a total value of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at $121,053,288.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Benoit Dageville sold 8,515 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the sale, the insider now owns 55,216 shares in the company, valued at approximately $8,627,500. The disclosure for this sale can be found here. Insiders sold a total of 168,209 shares of company stock valued at $34,291,592 over the last ninety days. Insiders own 8.30% of the company’s stock.

Snowflake Trading Up 3.7 %

Shares of SNOW opened at $158.13 on Monday. The firm has a 50-day moving average price of $169.91 and a 200 day moving average price of $179.16. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. The company had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. As a group, sell-side analysts predict that Snowflake Inc. will post -1.9 EPS for the current year.

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.