Oppenheimer Asset Management Inc. Has $2.11 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Oppenheimer Asset Management Inc. grew its stake in Snowflake Inc. (NYSE:SNOW) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,671 shares of the company’s stock after buying an additional 1,346 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Snowflake were worth $2,111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $29,000. Groupama Asset Managment acquired a new position in shares of Snowflake in the third quarter valued at approximately $25,000. Perkins Coie Trust Co boosted its holdings 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 buying an additional 139 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after buying an additional 230 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SNOW. StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank of Canada increased their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen increased their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Citigroup increased their target price on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Oppenheimer increased their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $202.92.

Snowflake Trading Up 1.8 %

NYSE SNOW opened at $176.76 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a market cap of $58.35 billion, a price-to-earnings ratio of -52.14 and a beta of 1.07. The business’s fifty day moving average is $173.19 and its 200 day moving average is $145.77.

Insiders Place Their Bets

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the transaction, the executive now directly owns 311,999 shares of the company’s stock, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the transaction, the director now directly owns 195,281 shares in the company, valued at $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 299,411 shares of company stock valued at $50,608,213. 7.80% of the stock is currently owned by company insiders.

Snowflake Company 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.