Snowflake Inc. (NYSE:SNOW) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in Snowflake Inc. (NYSE:SNOW) by 2.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,778 shares of the company’s stock after purchasing an additional 119 shares during the quarter. International Assets Investment Management LLC’s holdings in Snowflake were worth $698,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Snowflake in the 4th quarter valued at approximately $988,950,000. GQG Partners LLC purchased a new position in shares of Snowflake during the fourth quarter worth $750,572,000. FMR LLC grew its stake in shares of Snowflake by 84.9% in the fourth quarter. FMR LLC now owns 6,108,123 shares of the company’s stock valued at $943,155,000 after buying an additional 2,805,425 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Snowflake by 124.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,968,755 shares of the company’s stock valued at $612,817,000 after buying an additional 2,200,406 shares during the period. Finally, Groupama Asset Managment lifted its stake in Snowflake by 930,132.6% during the 4th quarter. Groupama Asset Managment now owns 2,000,000 shares of the company’s stock worth $308,820,000 after acquiring an additional 1,999,785 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the topic of a number of recent research reports. BTIG Research reiterated a “buy” rating on shares of Snowflake in a research note on Thursday, May 22nd. Monness Crespi & Hardt lifted their price objective on shares of Snowflake from $230.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Mizuho upped their target price on shares of Snowflake from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Stifel Nicolaus raised their price target on shares of Snowflake from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Snowflake in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.22.

Insider Activity

In other news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total value of $52,087.75. Following the transaction, the director now owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 2,610 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $209.87, for a total value of $547,760.70. Following the sale, the executive vice president now directly owns 557,336 shares of the company’s stock, valued at approximately $116,968,106.32. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 597,248 shares of company stock valued at $121,549,799. Insiders own 6.80% of the company’s stock.

Snowflake Trading Down 0.6%

SNOW opened at $221.79 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $225.68. The business’s 50 day moving average is $187.55 and its two-hundred day moving average is $172.77. The firm has a market cap of $74.05 billion, a price-to-earnings ratio of -52.68 and a beta of 1.21.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. On average, research analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

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.