Free Trial

Diversify Advisory Services LLC Boosts Holdings in Snowflake Inc. (NYSE:SNOW)

Snowflake logo with Computer and Technology background

Diversify Advisory Services LLC grew its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,284 shares of the company's stock after acquiring an additional 6,922 shares during the quarter. Snowflake accounts for approximately 0.9% of Diversify Advisory Services LLC's investment portfolio, making the stock its 20th biggest position. Diversify Advisory Services LLC's holdings in Snowflake were worth $16,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SNOW. Toronto Dominion Bank lifted its position in shares of Snowflake by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock valued at $4,276,000 after acquiring an additional 7,239 shares during the period. Independent Advisor Alliance boosted its holdings in Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company's stock worth $468,000 after purchasing an additional 548 shares during the last quarter. Franklin Resources Inc. grew its position in Snowflake by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company's stock worth $66,086,000 after purchasing an additional 7,373 shares in the last quarter. Westend Capital Management LLC purchased a new stake in Snowflake in the 4th quarter valued at about $10,550,000. Finally, Diversified Trust Co lifted its position in shares of Snowflake by 174.8% during the 4th quarter. Diversified Trust Co now owns 4,906 shares of the company's stock worth $758,000 after buying an additional 3,121 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SNOW shares. Argus began coverage on Snowflake in a research note on Tuesday, October 1st. They set a "hold" rating for the company. Evercore ISI increased their target price on shares of Snowflake from $170.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Wedbush downgraded shares of Snowflake from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Jefferies Financial Group upped their price target 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. Finally, Mizuho lifted their price objective on shares of Snowflake from $165.00 to $195.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and an average target price of $188.06.

Check Out Our Latest Report on SNOW

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 on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the sale, the executive vice president now owns 706,755 shares of the company's stock, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 45,896 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. This represents a 18.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 over the last three months. Company insiders own 7.80% of the company's stock.

Snowflake Trading Up 1.9 %

Shares of SNOW stock traded up $3.25 on Monday, hitting $170.89. 4,156,568 shares of the company's stock traded hands, compared to its average volume of 3,873,271. The stock has a market capitalization of $56.41 billion, a price-to-earnings ratio of -50.41 and a beta of 1.05. The company's fifty day simple moving average is $161.11 and its 200 day simple moving average is $134.92. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. 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 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.

Read More

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

Should You Invest $1,000 in Snowflake Right Now?

Before you consider Snowflake, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snowflake wasn't on the list.

While Snowflake currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

While 2025 may not deliver massive returns, so MarketBeat analyst Chris Markoch shares his list of seven stocks primed for consistent performance.

Related Videos

The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Small Caps, Financials & Bitcoin Lead the Rising Bull Market: Chris Rowe’s Top Picks
Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines