Harbour Investments Inc. Boosts Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Harbour Investments Inc. grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,189 shares of the company’s stock after buying an additional 175 shares during the period. Harbour Investments Inc.’s holdings in Snowflake were worth $647,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Groupama Asset Managment purchased a new position in shares of Snowflake in the third quarter worth about $25,000. Stonebridge Financial Group LLC bought a new position in Snowflake in the 4th quarter worth about $29,000. Blue Bell Private Wealth Management LLC grew its stake in Snowflake by 189.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 144 shares in the last quarter. Perkins Coie Trust Co increased its holdings 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 period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Snowflake in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $100,859.40. Following the completion of the transaction, the executive vice president now owns 622,611 shares of the company’s stock, valued at approximately $91,673,243.64. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the transaction, the director now owns 195,281 shares of the company’s stock, valued at $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 298,429 shares of company stock worth $50,065,812 over the last ninety days. 7.80% of the stock is owned by corporate insiders.

Snowflake Stock Performance

Snowflake stock opened at $155.89 on Thursday. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The stock has a market cap of $51.46 billion, a price-to-earnings ratio of -45.98 and a beta of 1.07. The stock’s 50 day simple moving average is $172.91 and its two-hundred day simple moving average is $148.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Evercore ISI lifted their price target on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Citigroup increased their price objective on Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Monness Crespi & Hardt increased their price target on shares of Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.08.

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.