Ameliora Wealth Management Ltd. Invests $101,000 in Snowflake Inc. (NYSE:SNOW)

Ameliora Wealth Management Ltd. bought a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, HoldingsChannel reports. The firm bought 651 shares of the company’s stock, valued at approximately $101,000.

Several other large investors have also modified their holdings of the stock. Groupama Asset Managment acquired a new position in shares of Snowflake in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC bought a new position in shares of Snowflake during the third quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $34,000. Perkins Coie Trust Co lifted its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Snowflake during the 4th quarter valued at approximately $38,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

SNOW opened at $186.16 on Friday. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The business has a 50 day moving average of $170.36 and a 200-day moving average of $138.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Activity

In related news, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total value of $99,882.00. Following the sale, the executive vice president now directly owns 690,647 shares of the company’s stock, valued at $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 516,933 shares of company stock worth $88,283,752. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SNOW. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Evercore ISI lifted their price objective on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research note on Tuesday, December 3rd. Mizuho boosted their price objective on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Barclays raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $187.06.

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.