Avantax Advisory Services Inc. Has $1.69 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Avantax Advisory Services Inc. grew its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,923 shares of the company's stock after buying an additional 2,106 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Snowflake were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. PFG Advisors acquired a new stake in Snowflake in the 4th quarter worth approximately $267,000. Moors & Cabot Inc. acquired a new stake in Snowflake in the 4th quarter worth approximately $285,000. O Dell Group LLC acquired a new stake in Snowflake in the 4th quarter worth approximately $203,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Snowflake during the fourth quarter worth approximately $3,088,000. Finally, Clare Market Investments LLC acquired a new position in shares of Snowflake during the fourth quarter worth approximately $497,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Performance

NYSE:SNOW traded up $0.75 during mid-day trading on Friday, reaching $157.94. 3,601,184 shares of the company's stock were exchanged, compared to its average volume of 6,048,968. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The firm has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07. The business's fifty day simple moving average is $172.83 and its two-hundred day simple moving average is $149.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

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Insider Buying and Selling at Snowflake

In other Snowflake news, 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 value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 1,783 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the completion of the transaction, the director now directly owns 192,511 shares in the company, valued at approximately $28,345,319.64. This represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 298,429 shares of company stock valued at $50,065,812 in the last ninety days. 7.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Monness Crespi & Hardt upped their price target on Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, February 27th. Jefferies Financial Group upped their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wedbush set a $210.00 price objective on shares of Snowflake in a report on Wednesday, January 22nd. Finally, Citigroup increased their price objective on shares of Snowflake from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.08.

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.