Harbour Investments Inc. Purchases 175 Shares of Snowflake Inc. (NYSE:SNOW)

Harbour Investments Inc. raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,189 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Harbour Investments Inc.’s holdings in Snowflake were worth $647,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Groupama Asset Managment purchased a new stake in shares of Snowflake during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC purchased a new stake in Snowflake during the 4th quarter valued at $29,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of Snowflake by 189.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 144 shares in the last quarter. Perkins Coie Trust Co raised its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake during the fourth quarter valued at $38,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Truist Financial reaffirmed a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Snowflake in a research report on Thursday, February 27th. Loop Capital increased their price target on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.08.

Insider Activity

In other news, CAO Emily Ho sold 1,508 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at approximately $7,303,489.20. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the sale, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 298,429 shares of company stock worth $50,065,812 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $155.89 on Thursday. The company has a market cap of $51.46 billion, a P/E ratio of -45.98 and a beta of 1.07. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s fifty day moving average is $172.91 and its two-hundred day moving average is $148.98.

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.