Oxinas Partners Wealth Management LLC Buys Shares of 2,360 Snowflake Inc. (NYSE:SNOW)

Oxinas Partners Wealth Management LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,360 shares of the company’s stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNOW. Dimensional Fund Advisors LP raised its position in shares of Snowflake by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock valued at $36,332,000 after purchasing an additional 56,027 shares during the period. Amalgamated Bank raised its position in shares of Snowflake by 1.1% in the second quarter. Amalgamated Bank now owns 21,368 shares of the company’s stock valued at $2,887,000 after purchasing an additional 241 shares during the period. ProShare Advisors LLC raised its position in shares of Snowflake by 71.2% in the second quarter. ProShare Advisors LLC now owns 2,438 shares of the company’s stock valued at $329,000 after purchasing an additional 1,014 shares during the period. Frank Rimerman Advisors LLC raised its position in shares of Snowflake by 39.9% in the second quarter. Frank Rimerman Advisors LLC now owns 3,242 shares of the company’s stock valued at $438,000 after purchasing an additional 924 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Snowflake by 25.0% in the second quarter. Gabelli Funds LLC now owns 1,840 shares of the company’s stock valued at $249,000 after purchasing an additional 368 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Up 1.5 %

Shares of NYSE SNOW opened at $173.43 on Wednesday. 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 12 month low of $107.13 and a 12 month high of $237.72. The firm has a fifty day simple moving average of $162.06 and a two-hundred day simple moving average of $135.12.

Analysts Set New Price Targets

Several research firms have recently issued reports on SNOW. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. Cantor Fitzgerald initiated coverage on shares of Snowflake in a report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price on the stock. Oppenheimer upped their target price on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Truist Financial reaffirmed a “buy” rating and set a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Finally, Wells Fargo & Company raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $150.00 to $200.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $188.06.

Insiders Place Their Bets

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Emily Ho sold 2,021 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 376,904 shares of company stock worth $62,545,855. 7.80% of the stock is currently owned by corporate insiders.

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.