Snowflake Inc. (NYSE:SNOW) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its holdings in shares of Snowflake Inc. (NYSE:SNOWGet Rating) by 24.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,131 shares of the company’s stock after buying an additional 422 shares during the period. Great Valley Advisor Group Inc.’s holdings in Snowflake were worth $709,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Moors & Cabot Inc. acquired a new position in shares of Snowflake in the 3rd quarter valued at $31,000. PrairieView Partners LLC increased its position in shares of Snowflake by 66.7% in the 4th quarter. PrairieView Partners LLC now owns 100 shares of the company’s stock valued at $34,000 after acquiring an additional 40 shares during the period. CarsonAllaria Wealth Management Ltd. purchased a new stake in Snowflake in the fourth quarter valued at $34,000. PSI Advisors LLC purchased a new stake in Snowflake in the third quarter valued at $35,000. Finally, BerganKDV Wealth Management LLC boosted its holdings in Snowflake by 123.4% in the fourth quarter. BerganKDV Wealth Management LLC now owns 105 shares of the company’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. 76.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael L. Speiser sold 750,000 shares of Snowflake stock in a transaction on Friday, March 18th. The shares were sold at an average price of $222.18, for a total transaction of $166,635,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.30% of the stock is currently owned by insiders.

Shares of SNOW stock opened at $137.76 on Thursday. Snowflake Inc. has a 52 week low of $126.01 and a 52 week high of $405.00. The stock has a market capitalization of $43.34 billion, a PE ratio of -60.42 and a beta of 1.80. The firm has a 50 day moving average of $192.28 and a two-hundred day moving average of $271.77.

Snowflake (NYSE:SNOWGet Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.06. The company had revenue of $383.77 million during the quarter, compared to analysts’ expectations of $371.89 million. Snowflake had a negative net margin of 55.76% and a negative return on equity of 13.45%. During the same quarter last year, the company posted ($0.70) EPS. On average, sell-side analysts predict that Snowflake Inc. will post -1.6 earnings per share for the current fiscal year.

Several research firms have commented on SNOW. BTIG Research lowered their price target on shares of Snowflake from $435.00 to $359.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Credit Suisse Group decreased their price target on shares of Snowflake from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Thursday, March 3rd. Morgan Stanley decreased their price target on shares of Snowflake from $390.00 to $355.00 and set an “overweight” rating on the stock in a research note on Thursday, March 3rd. Canaccord Genuity Group decreased their price target on shares of Snowflake from $360.00 to $210.00 and set a “hold” rating on the stock in a research note on Thursday, March 3rd. Finally, Sumitomo Mitsui Financial Group assumed coverage on shares of Snowflake in a research note on Friday, April 1st. They issued a “neutral” rating and a $253.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $299.05.

Snowflake Company Profile (Get Rating)

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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Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWGet Rating).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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