Sheaff Brock Investment Advisors LLC Purchases Shares of 1,413 Snowflake Inc. (NYSE:SNOW)

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,413 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its stake in shares of Snowflake by 50.2% during the fourth quarter. Principal Securities Inc. now owns 7,418 shares of the company’s stock worth $1,145,000 after purchasing an additional 2,478 shares in the last quarter. Quantum Private Wealth LLC boosted its holdings in Snowflake by 11.7% in the 4th quarter. Quantum Private Wealth LLC now owns 15,644 shares of the company’s stock worth $2,416,000 after acquiring an additional 1,641 shares during the period. Palumbo Wealth Management LLC purchased a new position in Snowflake in the 4th quarter worth approximately $293,000. bLong Financial LLC purchased a new stake in Snowflake during the 4th quarter worth $337,000. Finally, Manchester Capital Management LLC increased its stake in Snowflake by 69.0% during the 4th quarter. Manchester Capital Management LLC now owns 1,886 shares of the company’s stock worth $291,000 after buying an additional 770 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SNOW shares. Needham & Company LLC raised their target price on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. KeyCorp increased their target price on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their target price on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $150.00 to $200.00 in a research note on Tuesday, January 7th. Finally, Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $187.63.

Insiders Place Their Bets

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the sale, the executive now owns 308,164 shares of the company’s stock, valued at approximately $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 516,933 shares of company stock worth $88,283,752. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Down 2.5 %

Shares of NYSE SNOW opened at $187.86 on Tuesday. The firm has a 50 day moving average price of $171.66 and a 200 day moving average price of $142.19. The stock has a market cap of $62.01 billion, a P/E ratio of -55.42 and a beta of 1.07. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $236.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

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.