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

Union Bancaire Privee UBP SA bought a new position in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 255 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds have also made changes to their positions in SNOW. Groupama Asset Managment acquired a new stake in shares of Snowflake in the third quarter valued at $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at $34,000. Perkins Coie Trust Co increased its stake in shares of 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 buying an additional 139 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Snowflake by 1,437.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 246 shares of the company’s stock worth $38,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SNOW shares. Evercore ISI lifted their price objective on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. KeyCorp lifted their price target on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Canaccord Genuity Group lifted their target price on shares of Snowflake from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler lifted their price objective on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, Bank of America boosted their target price on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.19.

Snowflake Stock Performance

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

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the transaction, the director now directly owns 195,281 shares in the company, valued at approximately $34,418,276.25. This represents a 39.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 552,930 shares of the company’s stock, valued at $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,810 shares of company stock valued at $63,340,544. 7.80% of the stock is currently owned by insiders.

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.