ORG Partners LLC Purchases 190 Shares of Snowflake Inc. (NYSE:SNOW)

ORG Partners LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,761 shares of the company’s stock after purchasing an additional 190 shares during the period. ORG Partners LLC’s holdings in Snowflake were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SNOW. State Street Corp raised its position in Snowflake by 0.8% in the 3rd quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after buying an additional 54,909 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Snowflake by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock worth $475,894,000 after acquiring an additional 138,663 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after purchasing an additional 881,700 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Snowflake by 19,399.2% in the third 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 last quarter. Finally, Legal & General Group Plc lifted its position in shares of Snowflake by 11.5% in the second quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock worth $293,838,000 after purchasing an additional 223,936 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was 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 owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares in the company, valued at approximately $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. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho lifted their price target on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $150.00 to $200.00 in a research report on Tuesday. Jefferies Financial Group boosted their price target on Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Bank of America increased their price objective on Snowflake from $160.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Oppenheimer restated an “outperform” rating and set a $180.00 target price on shares of Snowflake in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $187.11.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $162.65 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $53.69 billion, a PE ratio of -47.98 and a beta of 1.05. The firm has a 50 day moving average of $156.42 and a 200-day moving average of $133.87. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72.

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.