Union Bancaire Privee UBP SA Purchases New Position in Snowflake Inc. (NYSE:SNOW)

Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, Holdings Channel.com reports. The firm acquired 255 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors also recently made changes to their positions in SNOW. Groupama Asset Managment acquired a new stake in Snowflake during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Snowflake during the third quarter worth $30,000. Fortitude Family Office LLC bought a new stake in shares of Snowflake in the third quarter valued at about $34,000. Perkins Coie Trust Co grew its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Snowflake by 1,437.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after acquiring an additional 230 shares during the period. Institutional investors own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Snowflake in a research report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price on the stock. Truist Financial restated a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Loop Capital upped their target price on Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Stock Down 2.7 %

Shares of NYSE SNOW opened at $183.01 on Thursday. The company’s 50 day moving average price is $167.95 and its 200-day moving average price is $136.74. 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 Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The company has a market capitalization of $60.41 billion, a P/E ratio of -53.99 and a beta of 1.05.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 45,896 shares of Snowflake stock in a transaction on 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 completion of the sale, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 504,151 shares of company stock valued at $84,973,139 over the last quarter. Insiders own 7.80% of the company’s stock.

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.