Snowflake Inc. (NYSE:SNOW) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,191 shares of the company’s stock after purchasing an additional 69 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Snowflake were worth $2,077,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Snowflake by 13.9% in the third quarter. Janney Montgomery Scott LLC now owns 34,093 shares of the company’s stock valued at $3,916,000 after buying an additional 4,168 shares during the period. Covestor Ltd raised its stake in shares of Snowflake by 16.2% during the third quarter. Covestor Ltd now owns 827 shares of the company’s stock valued at $95,000 after purchasing an additional 115 shares during the period. Mayflower Financial Advisors LLC grew its position in shares of Snowflake by 39.3% during the third quarter. Mayflower Financial Advisors LLC now owns 4,192 shares of the company’s stock worth $481,000 after buying an additional 1,182 shares in the last quarter. Baker Avenue Asset Management LP grew its position in shares of Snowflake by 49.8% during the third quarter. Baker Avenue Asset Management LP now owns 23,794 shares of the company’s stock worth $2,733,000 after buying an additional 7,914 shares in the last quarter. Finally, Fountainhead AM LLC grew its position in shares of Snowflake by 13.4% during the third quarter. Fountainhead AM LLC now owns 4,810 shares of the company’s stock worth $552,000 after buying an additional 568 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Oppenheimer lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Rosenblatt Securities boosted their price target on shares of Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. UBS Group boosted their price target on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Finally, Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.92.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 1,712 shares of Snowflake stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $306,448.00. Following the transaction, the director now owns 205,965 shares of the company’s stock, valued at $36,867,735. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 3,029 shares of Snowflake stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total value of $517,959.00. Following the transaction, the executive vice president now directly owns 684,639 shares in the company, valued at approximately $117,073,269. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,193 shares of company stock valued at $50,096,313. 7.80% of the stock is owned by corporate insiders.

Snowflake Trading Up 1.5 %

Shares of SNOW opened at $158.54 on Monday. The business’s 50-day moving average price is $173.79 and its 200 day moving average price is $147.09. The stock has a market capitalization of $52.33 billion, a P/E ratio of -46.77 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

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.