Oak Harvest Investment Services Purchases New Shares in Snowflake Inc. (NYSE:SNOW)

Oak Harvest Investment Services acquired a new position in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,348 shares of the company’s stock, valued at approximately $2,370,000.

A number of other large investors have also modified their holdings of the company. Groupama Asset Managment acquired a new position in Snowflake in the 3rd quarter worth about $25,000. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Snowflake by 1,437.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after buying an additional 230 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Snowflake during the 4th quarter valued at approximately $38,000. Finally, V Square Quantitative Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SNOW. Jefferies Financial Group boosted their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Royal Bank of Canada increased their target price on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price target on shares of Snowflake in a research report on Tuesday, November 19th. Barclays upgraded Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Finally, Scotiabank upped their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Trading Down 1.9 %

NYSE SNOW opened at $179.42 on Friday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The business’s 50-day moving average price is $169.02 and its 200 day moving average price is $137.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $173.68, for a total transaction of $351,007.28. Following the transaction, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at $4,667,476.32. This represents a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 504,151 shares of company stock valued at $84,973,139. 7.80% of the stock is owned by company insiders.

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.