Snowflake Inc. (NYSE:SNOW) Stake Boosted by ORG Partners LLC

ORG Partners LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,761 shares of the company’s stock after buying an additional 190 shares during the period. ORG Partners LLC’s holdings in Snowflake were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SNOW. Fulton Bank N.A. acquired a new stake in shares of Snowflake during the fourth quarter valued at approximately $216,000. Diversified Trust Co raised its stake in Snowflake by 174.8% during the 4th quarter. Diversified Trust Co now owns 4,906 shares of the company’s stock valued at $758,000 after purchasing an additional 3,121 shares during the period. Doliver Advisors LP lifted its holdings in shares of Snowflake by 268.7% in the fourth quarter. Doliver Advisors LP now owns 8,262 shares of the company’s stock valued at $1,276,000 after purchasing an additional 6,021 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Snowflake by 2.3% in the fourth quarter. Nordea Investment Management AB now owns 23,911 shares of the company’s stock valued at $3,682,000 after purchasing an additional 536 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Snowflake in the fourth quarter worth $1,390,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Price Performance

Snowflake stock opened at $162.65 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The business has a 50 day simple moving average of $156.42 and a 200 day simple moving average of $133.87. The company has a market capitalization of $53.69 billion, a PE ratio of -47.98 and a beta of 1.05.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the business’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 transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at $85,354,801.35. The trade was a 2.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68. Following the sale, the executive now directly owns 311,999 shares in the company, valued at $49,058,722.76. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 376,904 shares of company stock worth $62,545,855. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SNOW. Bank of America raised their price objective on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Friday. Evercore ISI boosted their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $180.00 price objective on shares of Snowflake in a report on Thursday, November 21st. Finally, Royal Bank of Canada boosted their target price on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.11.

Snowflake 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.