Snowflake Inc. (NYSE:SNOW) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 17.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,736 shares of the company’s stock after purchasing an additional 553 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Snowflake were worth $571,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Geneos Wealth Management Inc. increased its holdings in Snowflake by 822.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after purchasing an additional 148 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Snowflake in the 2nd quarter valued at approximately $840,000. VitalStone Financial LLC increased its holdings in Snowflake by 616.0% in the 2nd quarter. VitalStone Financial LLC now owns 179 shares of the company’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Finally, Ulland Investment Advisors LLC increased its holdings in Snowflake by 270.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 63.74% of the company’s stock.

Insider Activity at Snowflake

In related news, insider Benoit Dageville sold 13,182 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $188.00, for a total value of $2,478,216.00. Following the completion of the sale, the insider now directly owns 40,847 shares of the company’s stock, valued at $7,679,236. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Benoit Dageville sold 13,182 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $188.00, for a total value of $2,478,216.00. Following the completion of the sale, the insider now directly owns 40,847 shares of the company’s stock, valued at $7,679,236. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christian Kleinerman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $164.75, for a total transaction of $247,125.00. Following the completion of the sale, the senior vice president now directly owns 658,789 shares of the company’s stock, valued at $108,535,487.75. The disclosure for this sale can be found here. Insiders sold a total of 630,172 shares of company stock valued at $124,958,555 over the last ninety days. Insiders own 8.30% of the company’s stock.

Snowflake Trading Up 4.7 %

Shares of SNOW stock opened at $233.28 on Friday. Snowflake Inc. has a 12 month low of $128.56 and a 12 month high of $235.00. The firm has a fifty day moving average price of $198.37 and a 200 day moving average price of $172.15.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings results on Wednesday, November 29th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Snowflake had a negative net margin of 33.35% and a negative return on equity of 14.46%. The firm had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $713.75 million. During the same period in the previous year, the company earned ($0.60) earnings per share. Snowflake’s quarterly revenue was up 31.8% compared to the same quarter last year. On average, sell-side analysts expect that Snowflake Inc. will post -1.72 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James lifted their target price on shares of Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. StockNews.com downgraded shares of Snowflake from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Oppenheimer lifted their target price on shares of Snowflake from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Wells Fargo & Company boosted their price target on shares of Snowflake from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, November 30th. Finally, Royal Bank of Canada assumed coverage on shares of Snowflake in a research note on Friday, January 5th. They issued an “outperform” rating and a $230.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $198.78.

Check Out Our Latest Report on SNOW

About Snowflake

(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.

Further Reading

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWFree Report).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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