Snowflake Inc. (NYSE:SNOW) Stock Holdings Increased by Vestor Capital LLC

Vestor Capital LLC lifted its stake in Snowflake Inc. (NYSE:SNOWGet Rating) by 121.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,522 shares of the company’s stock after purchasing an additional 9,624 shares during the quarter. Vestor Capital LLC’s holdings in Snowflake were worth $4,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Wealthspire Advisors LLC bought a new position in Snowflake during the first quarter valued at approximately $1,389,000. Lincoln National Corp raised its position in Snowflake by 30.9% during the first quarter. Lincoln National Corp now owns 1,778 shares of the company’s stock valued at $408,000 after acquiring an additional 420 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Snowflake by 0.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,292 shares of the company’s stock valued at $11,753,000 after acquiring an additional 330 shares in the last quarter. M&T Bank Corp raised its position in Snowflake by 24.4% during the first quarter. M&T Bank Corp now owns 6,093 shares of the company’s stock valued at $1,397,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Snowflake by 12.1% during the first quarter. Los Angeles Capital Management LLC now owns 127,954 shares of the company’s stock valued at $29,318,000 after acquiring an additional 13,829 shares in the last quarter. 76.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNOW has been the topic of a number of recent analyst reports. Loop Capital dropped their price target on shares of Snowflake from $370.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Redburn Partners initiated coverage on shares of Snowflake in a research report on Wednesday, June 29th. They issued a “neutral” rating and a $125.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Snowflake from $240.00 to $120.00 in a research report on Thursday, May 26th. The Goldman Sachs Group dropped their price target on shares of Snowflake from $335.00 to $289.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Finally, Mizuho dropped their price target on shares of Snowflake from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $219.27.

Insider Activity at Snowflake

In other Snowflake news, Director John Dennis Mcmahon sold 1,224 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $155.44, for a total transaction of $190,258.56. Following the completion of the sale, the director now directly owns 55,659 shares of the company’s stock, valued at approximately $8,651,634.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Snowflake news, Director John Dennis Mcmahon sold 1,224 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $155.44, for a total transaction of $190,258.56. Following the completion of the sale, the director now directly owns 55,659 shares of the company’s stock, valued at approximately $8,651,634.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Slootman sold 1,727 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $136.18, for a total value of $235,182.86. Following the sale, the chief executive officer now directly owns 138,551 shares of the company’s stock, valued at $18,867,875.18. The disclosure for this sale can be found here. Insiders sold 3,678 shares of company stock valued at $524,444 over the last ninety days. 8.90% of the stock is owned by insiders.

Snowflake Trading Up 3.0 %

Shares of Snowflake stock traded up $4.77 during trading on Friday, reaching $165.53. The company’s stock had a trading volume of 6,519,515 shares, compared to its average volume of 5,950,591. The stock has a 50-day moving average price of $140.67 and a two-hundred day moving average price of $190.15. Snowflake Inc. has a one year low of $110.26 and a one year high of $405.00. The stock has a market capitalization of $52.08 billion, a P/E ratio of -78.45 and a beta of 1.30.

Snowflake (NYSE:SNOWGet Rating) last released its quarterly earnings results on Wednesday, May 25th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.13). Snowflake had a negative net margin of 45.48% and a negative return on equity of 12.39%. The business had revenue of $422.37 million during the quarter, compared to the consensus estimate of $413.01 million. During the same period in the prior year, the firm earned ($0.69) earnings per share. The business’s quarterly revenue was up 84.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.1 EPS for the current fiscal year.

Snowflake Profile

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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