Snowflake Inc. (NYSE:SNOW) Shares Purchased by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 75.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the company’s stock after buying an additional 7,500 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Snowflake were worth $2,702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNOW. GAMMA Investing LLC lifted its position in Snowflake by 59.6% during the fourth quarter. GAMMA Investing LLC now owns 391 shares of the company’s stock valued at $60,000 after buying an additional 146 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Snowflake by 27.2% during the fourth quarter. Capital Investment Advisors LLC now owns 2,567 shares of the company’s stock worth $396,000 after purchasing an additional 549 shares in the last quarter. JTC Employer Solutions Trustee Ltd lifted its position in shares of Snowflake by 1.9% during the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 32,830 shares of the company’s stock worth $5,089,000 after purchasing an additional 600 shares in the last quarter. Abound Wealth Management lifted its position in shares of Snowflake by 92.7% during the fourth quarter. Abound Wealth Management now owns 1,422 shares of the company’s stock worth $220,000 after purchasing an additional 684 shares in the last quarter. Finally, Claro Advisors LLC acquired a new position in shares of Snowflake during the fourth quarter worth $231,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent research reports. Bank of America boosted their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Oppenheimer boosted their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a research report on Tuesday, February 18th. Needham & Company LLC boosted their target price on shares of Snowflake from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $183.00 target price on shares of Snowflake in a research report on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.28.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the sale, the executive vice president now directly owns 594,975 shares in the company, valued at approximately $102,186,956.25. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $168.01, for a total transaction of $67,708.03. Following the completion of the sale, the director now directly owns 25,972 shares of the company’s stock, valued at approximately $4,363,555.72. This trade represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 356,963 shares of company stock worth $58,204,058. Insiders own 7.80% of the company’s stock.

Snowflake Stock Up 3.7%

Snowflake stock opened at $180.57 on Tuesday. The company has a 50-day simple moving average of $153.34 and a 200-day simple moving average of $159.84. The firm has a market capitalization of $59.61 billion, a P/E ratio of -53.27 and a beta of 1.11. 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 one year low of $107.13 and a one year high of $194.40.

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.