Snowflake Inc. (NYSE:SNOW) Shares Sold by Oak Grove Capital LLC

Oak Grove Capital LLC lowered its position in Snowflake Inc. (NYSE:SNOW) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,300 shares of the company’s stock after selling 500 shares during the period. Oak Grove Capital LLC’s holdings in Snowflake were worth $1,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Snowflake by 73.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 792 shares of the company’s stock valued at $91,000 after acquiring an additional 335 shares during the last quarter. Clear Creek Financial Management LLC lifted its position in Snowflake by 6.7% during the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after purchasing an additional 115 shares during the period. Janney Montgomery Scott LLC boosted 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 purchasing an additional 4,168 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Snowflake by 33.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 38,956 shares of the company’s stock worth $4,474,000 after purchasing an additional 9,743 shares during the period. Finally, Forum Financial Management LP purchased a new position in shares of Snowflake during the 3rd quarter valued at about $379,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Up 0.2 %

Shares of SNOW opened at $173.92 on Wednesday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The firm has a market capitalization of $57.41 billion, a P/E ratio of -51.30 and a beta of 1.07. The firm has a 50-day moving average price of $173.65 and a 200 day moving average price of $146.42. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at $103,121,445. This represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the sale, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at $7,303,489.20. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 282,193 shares of company stock worth $47,520,063 in the last ninety days. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays upped their target price on Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. JMP Securities restated a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a research report on Tuesday, December 3rd. Loop Capital lifted their target price on shares of Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Finally, Bank of America raised their price target 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

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.