Onyx Bridge Wealth Group LLC Buys Shares of 1,536 Snowflake Inc. (NYSE:SNOW)

Onyx Bridge Wealth Group LLC bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,536 shares of the company's stock, valued at approximately $237,000.

Several other institutional investors also recently bought and sold shares of SNOW. Jennison Associates LLC raised its holdings in shares of Snowflake by 92.2% in the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after purchasing an additional 3,662,671 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company's stock worth $295,459,000 after purchasing an additional 2,559,144 shares during the last quarter. Two Sigma Advisers LP raised its holdings in 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 acquiring an additional 881,700 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Snowflake by 12,318.3% during the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company's stock worth $60,977,000 after acquiring an additional 526,608 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Snowflake by 96.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company's stock worth $120,076,000 after purchasing an additional 513,214 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of SNOW traded down $2.50 during mid-day trading on Friday, hitting $183.87. The company's stock had a trading volume of 4,540,263 shares, compared to its average volume of 5,161,083. 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 firm has a 50-day moving average price of $170.61 and a 200 day moving average price of $139.19. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of -54.24 and a beta of 1.07.

Insider Buying and Selling

In related news, Director Frank Slootman sold 45,896 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the sale, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. This represents a 18.02 % decrease in their position. 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 on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president now directly owns 691,755 shares of the company's stock, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 516,933 shares of company stock worth $88,283,752. Corporate insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SNOW. Truist Financial reiterated a "buy" rating and issued a $210.00 price target on shares of Snowflake in a research note on Thursday, November 21st. Monness Crespi & Hardt boosted their price target on Snowflake from $140.00 to $188.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Rosenblatt Securities restated a "buy" rating and set a $180.00 price objective on shares of Snowflake in a research note on Tuesday, November 19th. Needham & Company LLC lifted their price objective on shares of Snowflake from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Piper Sandler increased their target price on shares of Snowflake from $185.00 to $208.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $187.06.

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.