Oddo BHF Asset Management Sas Invests $12.15 Million in Snowflake Inc. (NYSE:SNOW)

Oddo BHF Asset Management Sas bought a new position in Snowflake Inc. (NYSE:SNOW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 105,740 shares of the company’s stock, valued at approximately $12,145,000.

Several other hedge funds have also modified their holdings of the stock. Ontario Teachers Pension Plan Board lifted its stake in shares of Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after purchasing an additional 2,559,144 shares during the period. Two Sigma Advisers LP raised its position in shares of Snowflake by 27.9% in the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after acquiring an additional 881,700 shares during the period. AQR Capital Management LLC grew its holdings in Snowflake by 210.0% during the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock valued at $131,656,000 after purchasing an additional 660,168 shares during the period. SG Americas Securities LLC raised its holdings in Snowflake by 471.9% in the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after purchasing an additional 628,511 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Snowflake by 90.3% during the second quarter. Daiwa Securities Group Inc. now owns 1,265,367 shares of the company’s stock worth $170,938,000 after purchasing an additional 600,469 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the transaction, the executive vice president now owns 690,647 shares in the company, valued at $123,625,813. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Christopher William Degnan sold 76,692 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $168.42, for a total value of $12,916,466.64. Following the sale, the executive now directly owns 346,741 shares of the company’s stock, valued at $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 294,384 shares of company stock worth $47,993,609 over the last three months. 7.80% of the stock is currently owned by company insiders.

Snowflake Stock Performance

Shares of SNOW opened at $170.40 on Friday. The firm has a market capitalization of $56.25 billion, a P/E ratio of -50.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The business has a fifty day moving average of $137.88 and a 200 day moving average of $129.73. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Analyst Ratings Changes

Several brokerages recently commented on SNOW. Argus began coverage on Snowflake in a research note on Tuesday, October 1st. They set a “hold” rating on the stock. UBS Group reduced their target price on shares of Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Loop Capital dropped their target price on Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Bank of America raised their price target on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Evercore ISI boosted their price objective on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $183.89.

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.