Oak Wealth Advisors LLC Takes $736,000 Position in Snowflake Inc. (NYSE:SNOW)

Oak Wealth Advisors LLC purchased a new position in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,766 shares of the company’s stock, valued at approximately $736,000. Snowflake makes up about 0.6% of Oak Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospect Financial Services LLC bought a new position in shares of Snowflake in the 4th quarter worth about $288,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Snowflake by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock worth $104,028,000 after acquiring an additional 8,857 shares during the last quarter. Bourgeon Capital Management LLC acquired a new position in Snowflake in the fourth quarter valued at approximately $5,851,000. Stephens Consulting LLC grew its holdings in shares of Snowflake by 7,407.4% during the fourth quarter. Stephens Consulting LLC now owns 2,027 shares of the company’s stock valued at $313,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC raised its position in shares of Snowflake by 40.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company’s stock worth $2,458,000 after purchasing an additional 4,559 shares during the period. 65.10% of the stock is owned by institutional investors.

Insider Activity at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the transaction, the director now owns 26,375 shares in the company, valued at approximately $3,408,968.75. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares of the company’s stock, valued at approximately $47,756,878.10. The trade was a 50.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 364,342 shares of company stock valued at $59,978,513. Insiders own 7.80% of the company’s stock.

Snowflake Trading Down 0.3 %

Snowflake stock opened at $158.26 on Friday. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $52.24 billion, a P/E ratio of -46.68 and a beta of 1.13. The company’s fifty day simple moving average is $154.91 and its 200-day simple moving average is $155.84.

Analyst Ratings Changes

A number of brokerages recently commented on SNOW. Wolfe Research upgraded Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a research note on Tuesday, February 18th. Mizuho upped their price target on shares of Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Daiwa America raised shares of Snowflake to a “strong-buy” rating in a report on Tuesday, April 1st. Loop Capital boosted their target price on shares of Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada raised their price target on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.27.

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.