Union Bancaire Privee UBP SA Makes New $38,000 Investment in Snowflake Inc. (NYSE:SNOW)

Union Bancaire Privee UBP SA bought a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, HoldingsChannel.com reports. The firm bought 255 shares of the company’s stock, valued at approximately $38,000.

Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $29,000. Groupama Asset Managment acquired a new stake in Snowflake in the third quarter valued at approximately $25,000. Perkins Coie Trust Co grew its position in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares during the period. Geneos Wealth Management Inc. grew its position in Snowflake by 1,437.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock valued at $38,000 after purchasing an additional 230 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in Snowflake in the 3rd quarter valued at $34,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Performance

Shares of SNOW stock opened at $164.14 on Wednesday. The stock has a market capitalization of $54.18 billion, a P/E ratio of -48.42 and a beta of 1.07. The firm’s 50 day moving average is $172.71 and its 200 day moving average is $144.79. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $235.66. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.06, for a total transaction of $2,224,834.92. Following the completion of the sale, the executive now owns 323,731 shares in the company, valued at $56,348,617.86. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 371,810 shares of company stock worth $63,340,544 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of analyst reports. Truist Financial reiterated a “buy” rating and set a $210.00 price objective on shares of Snowflake in a report on Thursday, November 21st. UBS Group lifted their price target on Snowflake from $155.00 to $190.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their price target on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Oppenheimer lifted their target price on Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, BTIG Research raised Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $196.19.

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.