Snowflake Inc. (NYSE:SNOW) Shares Bought by Consolidated Press International Holdings Ltd.

Consolidated Press International Holdings Ltd. increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 70.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,439 shares of the company’s stock after buying an additional 15,018 shares during the period. Snowflake accounts for approximately 0.7% of Consolidated Press International Holdings Ltd.’s holdings, making the stock its 10th biggest holding. Consolidated Press International Holdings Ltd.’s holdings in Snowflake were worth $4,185,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SNOW. Modus Advisors LLC raised its position in shares of Snowflake by 3.9% during the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after acquiring an additional 94 shares during the last quarter. Catalyst Private Wealth LLC grew its holdings in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Snowflake by 30.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $72,000 after acquiring an additional 108 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares during the period. Finally, Hoylecohen LLC boosted its position in shares of Snowflake by 2.7% in the 2nd quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock worth $589,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Activity

In other news, CAO Emily Ho sold 2,021 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the transaction, the chief accounting officer now directly owns 26,874 shares of the company’s stock, valued at $4,667,476.32. This represents a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Benoit Dageville sold 287 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $31,974.67. Following the completion of the transaction, the insider now directly owns 53,250 shares in the company, valued at $5,932,582.50. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,661 shares of company stock valued at $32,004,752 over the last ninety days. 7.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of several analyst reports. StockNews.com lowered Snowflake from a “hold” rating to a “sell” rating in a research note on Thursday. Monness Crespi & Hardt upped their target price on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $175.00 price target on shares of Snowflake in a report on Thursday, August 22nd. Evercore ISI upped their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, JMP Securities reduced their price target on shares of Snowflake from $235.00 to $190.00 and set a “market outperform” rating for the company in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.09.

Snowflake Price Performance

Shares of SNOW opened at $174.83 on Friday. The firm has a market capitalization of $58.60 billion, a PE ratio of -51.57 and a beta of 0.83. The company’s 50-day moving average is $126.17 and its 200-day moving average is $128.74. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week 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.