Snowflake Inc. $SNOW Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its stake in Snowflake Inc. (NYSE:SNOW) by 1.5% during the second quarter, Holdings Channel.com reports. The fund owned 20,125 shares of the company’s stock after selling 300 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Snowflake were worth $4,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SNOW. Goldman Sachs Group Inc. boosted its stake in Snowflake by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,587,114 shares of the company’s stock worth $524,293,000 after purchasing an additional 650,775 shares during the last quarter. CenterBook Partners LP acquired a new stake in Snowflake during the 1st quarter worth $2,381,000. Berkshire Capital Holdings Inc. boosted its stake in Snowflake by 71,500.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 7,160 shares of the company’s stock worth $1,047,000 after purchasing an additional 7,150 shares during the last quarter. Lyell Wealth Management LP boosted its stake in Snowflake by 5.1% during the 1st quarter. Lyell Wealth Management LP now owns 60,685 shares of the company’s stock worth $8,870,000 after purchasing an additional 2,955 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Snowflake during the 2nd quarter worth $3,900,134,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SNOW. Evercore ISI lifted their target price on shares of Snowflake from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. DA Davidson reaffirmed a “buy” rating and set a $250.00 target price on shares of Snowflake in a research note on Monday, August 25th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Thursday, August 28th. Mizuho boosted their price target on shares of Snowflake from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, Monness Crespi & Hardt boosted their price target on shares of Snowflake from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.71.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $250.00, for a total value of $1,250,000.00. Following the sale, the executive vice president directly owned 43,568 shares in the company, valued at approximately $10,892,000. The trade was a 10.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $223.22, for a total transaction of $2,634,219.22. Following the completion of the sale, the senior vice president owned 241,854 shares in the company, valued at approximately $53,986,649.88. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,182,434 shares of company stock worth $270,280,661 in the last 90 days. Insiders own 6.80% of the company’s stock.

Snowflake Trading Up 0.3%

Shares of SNOW stock opened at $240.68 on Friday. The company’s 50-day moving average price is $222.38 and its 200-day moving average price is $201.96. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. The stock has a market cap of $81.54 billion, a price-to-earnings ratio of -58.00 and a beta of 1.21. Snowflake Inc. has a twelve month low of $113.23 and a twelve month high of $255.39.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. Snowflake had a negative net margin of 33.53% and a negative return on equity of 42.98%. Snowflake’s revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. As a group, equities analysts predict that Snowflake Inc. will post -2.36 earnings per share 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.