2,360 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,360 shares of the company’s stock, valued at approximately $364,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Groupama Asset Managment bought a new stake in Snowflake during the 3rd quarter valued at about $25,000. Perkins Coie Trust Co increased its stake in Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Snowflake during the 3rd quarter valued at about $30,000. Fortitude Family Office LLC bought a new stake in Snowflake during the 3rd quarter valued at about $34,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after acquiring an additional 152 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Performance

Shares of SNOW opened at $173.43 on Wednesday. The company’s fifty day moving average is $162.06 and its 200 day moving average is $135.12. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SNOW shares. Piper Sandler raised their price target on shares of Snowflake from $185.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Mizuho raised their price target on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group raised their price target on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. KeyCorp raised their price target on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Snowflake in a report on Friday, January 17th. They set an “overweight” rating and a $201.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Insider Buying and Selling

In other Snowflake news, CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction on Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the transaction, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the transaction, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 376,904 shares of company stock worth $62,545,855. Insiders own 7.80% of the company’s stock.

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.