Orion Portfolio Solutions LLC Sells 248 Shares of Snowflake Inc. (NYSE:SNOW)

Orion Portfolio Solutions LLC reduced its position in Snowflake Inc. (NYSE:SNOWFree Report) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,801 shares of the company’s stock after selling 248 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Snowflake were worth $746,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SNOW. Provence Wealth Management Group bought a new stake in Snowflake during the third quarter valued at approximately $30,000. M&R Capital Management Inc. lifted its position in Snowflake by 100.0% during the fourth quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Snowflake by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after purchasing an additional 52 shares during the last quarter. Private Trust Co. NA lifted its position in Snowflake by 188.6% during the fourth quarter. Private Trust Co. NA now owns 228 shares of the company’s stock valued at $45,000 after purchasing an additional 149 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Snowflake by 56.0% during the fourth quarter. Blue Trust Inc. now owns 248 shares of the company’s stock valued at $49,000 after purchasing an additional 89 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SNOW shares. Piper Sandler reiterated an “overweight” rating and set a $240.00 target price on shares of Snowflake in a research report on Thursday, May 23rd. Evercore ISI decreased their price target on shares of Snowflake from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. HSBC reissued a “reduce” rating on shares of Snowflake in a research note on Thursday, February 29th. JMP Securities reissued a “market outperform” rating and set a $235.00 price target on shares of Snowflake in a research note on Tuesday. Finally, Guggenheim raised shares of Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $200.64.

Read Our Latest Stock Analysis on SNOW

Insider Activity

In other news, EVP Grzegorz Czajkowski sold 683 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $161.42, for a total transaction of $110,249.86. Following the sale, the executive vice president now owns 86,208 shares in the company, valued at approximately $13,915,695.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Grzegorz Czajkowski sold 683 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $110,249.86. Following the transaction, the executive vice president now owns 86,208 shares in the company, valued at approximately $13,915,695.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Emily Ho sold 6,500 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $158.36, for a total transaction of $1,029,340.00. Following the completion of the transaction, the chief accounting officer now owns 36,076 shares in the company, valued at approximately $5,712,995.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,880 shares of company stock worth $10,832,965. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $137.00 on Wednesday. Snowflake Inc. has a 12 month low of $133.59 and a 12 month high of $237.72. The company’s fifty day moving average price is $154.95 and its 200-day moving average price is $179.61.

Snowflake Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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