Snowflake Inc. (NYSE:SNOW) Shares Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 85.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 435 shares of the company’s stock after acquiring an additional 200 shares during the period. Harbor Investment Advisory LLC’s holdings in Snowflake were worth $67,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in shares of Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after acquiring an additional 7,239 shares during the period. Independent Advisor Alliance lifted its stake in shares of Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after purchasing an additional 548 shares during the period. Franklin Resources Inc. lifted its stake in shares of Snowflake by 1.4% in the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after purchasing an additional 7,373 shares during the period. Westend Capital Management LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at about $10,550,000. Finally, Kraematon Investment Advisors Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Up 2.3 %

Shares of SNOW stock opened at $177.54 on Thursday. The firm’s 50 day moving average price is $163.02 and its two-hundred day moving average price is $135.33. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $58.61 billion, a price-to-earnings ratio of -52.37 and a beta of 1.05.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wedbush cut shares of Snowflake from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Needham & Company LLC raised their target price on shares of Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Friday, January 10th. Monness Crespi & Hardt raised their target price on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $188.06.

Insider Transactions at Snowflake

In related news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total value of $2,009,841.68. Following the completion of the sale, the executive now owns 311,999 shares in the company, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president now owns 691,755 shares of the company’s stock, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 376,904 shares of company stock valued at $62,545,855. Corporate insiders own 7.80% of the company’s stock.

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.