John G Ullman & Associates Inc. Acquires 3,782 Shares of Snowflake Inc. (NYSE:SNOW)

John G Ullman & Associates Inc. increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 54.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,732 shares of the company’s stock after acquiring an additional 3,782 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Snowflake were worth $2,136,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Institute for Wealth Management LLC. raised its stake in shares of Snowflake by 2.9% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,283 shares of the company’s stock valued at $852,000 after buying an additional 119 shares during the period. Calamos Advisors LLC raised its stake in shares of Snowflake by 472.5% during the 4th quarter. Calamos Advisors LLC now owns 25,230 shares of the company’s stock valued at $5,021,000 after purchasing an additional 20,823 shares during the period. Federated Hermes Inc. bought a new stake in shares of Snowflake during the 4th quarter valued at $8,358,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Snowflake by 114.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 642 shares of the company’s stock valued at $128,000 after purchasing an additional 342 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of Snowflake by 13.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 251,298 shares of the company’s stock valued at $50,008,000 after purchasing an additional 30,518 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 2,346 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $203.28, for a total transaction of $476,894.88. Following the sale, the executive now directly owns 102,007 shares in the company, valued at approximately $20,735,982.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CRO Christopher William Degnan sold 2,346 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $203.28, for a total value of $476,894.88. Following the transaction, the executive now directly owns 102,007 shares in the company, valued at approximately $20,735,982.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Benoit Dageville sold 8,515 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.25, for a total value of $1,330,468.75. Following the completion of the transaction, the insider now owns 55,216 shares in the company, valued at $8,627,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,555 shares of company stock worth $36,868,487. Insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SNOW. UBS Group boosted their target price on Snowflake from $185.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Redburn Atlantic reiterated a “sell” rating and issued a $125.00 price objective (down from $180.00) on shares of Snowflake in a report on Tuesday, March 19th. Evercore ISI lowered their target price on Snowflake from $250.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. JMP Securities boosted their target price on Snowflake from $212.00 to $235.00 and gave the company a “market outperform” rating in a research note on Thursday, February 29th. Finally, Monness Crespi & Hardt raised Snowflake from a “sell” rating to a “neutral” rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

Snowflake Stock Performance

Shares of Snowflake stock traded down $2.96 during midday trading on Friday, hitting $145.45. The company had a trading volume of 4,957,510 shares, compared to its average volume of 6,644,109. The stock has a market capitalization of $48.61 billion, a P/E ratio of -58.31 and a beta of 0.91. The company has a 50 day moving average of $179.56 and a 200 day moving average of $179.04. Snowflake Inc. has a 52-week low of $135.26 and a 52-week high of $237.72.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The business had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Equities research analysts forecast that Snowflake Inc. will post -1.9 EPS for the current year.

Snowflake Company 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.