K.J. Harrison & Partners Inc Invests $1.89 Million in Snowflake Inc. (NYSE:SNOW)

K.J. Harrison & Partners Inc acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,005 shares of the company’s stock, valued at approximately $1,891,000.

Other large investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment purchased a new stake in shares of Snowflake in the third quarter valued at about $25,000. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the 4th quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in Snowflake during the 3rd quarter valued at $34,000. Perkins Coie Trust Co increased its position in Snowflake by 136.3% during the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake in the fourth quarter worth $38,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Stock Up 1.2 %

Shares of NYSE SNOW opened at $166.20 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $235.66. The stock’s 50-day simple moving average is $172.79 and its 200-day simple moving average is $144.94. The firm has a market cap of $54.86 billion, a price-to-earnings ratio of -49.03 and a beta of 1.07.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the 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 directly owns 690,647 shares in the company, valued at $123,625,813. This represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 2,218 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $175.00, for a total transaction of $388,150.00. Following the completion of the sale, the director now directly owns 208,735 shares of the company’s stock, valued at $36,528,625. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 371,810 shares of company stock worth $63,340,544 in the last 90 days. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore ISI increased their price objective on Snowflake from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer raised their price target on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. TD Cowen boosted their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group boosted their price target on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $196.19.

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.