Hoylecohen LLC Makes New $508,000 Investment in Snowflake Inc. (NYSE:SNOW)

Hoylecohen LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOWGet Rating) in the 4th quarter, Holdings Channel.com reports. The firm acquired 1,499 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Snowflake by 3.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 50,185 shares of the company’s stock worth $16,998,000 after purchasing an additional 1,658 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Snowflake by 1,317.0% during the third quarter. UBS Asset Management Americas Inc. now owns 2,049,545 shares of the company’s stock worth $619,844,000 after purchasing an additional 1,904,908 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Snowflake by 17.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,035 shares of the company’s stock worth $2,722,000 after purchasing an additional 1,175 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Snowflake by 46.2% during the fourth quarter. Centaurus Financial Inc. now owns 4,413 shares of the company’s stock worth $1,495,000 after purchasing an additional 1,394 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Snowflake by 16.6% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 50,962 shares of the company’s stock worth $16,920,000 after purchasing an additional 7,253 shares during the period. Hedge funds and other institutional investors own 76.67% of the company’s stock.

In related news, Director Michael L. Speiser sold 750,000 shares of the business’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $222.18, for a total value of $166,635,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.30% of the stock is owned by insiders.

SNOW has been the topic of several recent research reports. Atlantic Securities initiated coverage on shares of Snowflake in a report on Thursday, March 31st. They set a “neutral” rating and a $240.00 target price on the stock. The Goldman Sachs Group decreased their price objective on shares of Snowflake from $335.00 to $289.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. BNP Paribas cut shares of Snowflake from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a research note on Tuesday, March 29th. Sumitomo Mitsui Financial Group began coverage on shares of Snowflake in a research note on Friday, April 1st. They issued a “neutral” rating and a $253.00 price objective on the stock. Finally, Rosenblatt Securities decreased their price objective on shares of Snowflake from $380.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $283.79.

Shares of NYSE:SNOW opened at $141.49 on Monday. The firm has a market cap of $44.51 billion, a PE ratio of -62.06 and a beta of 1.80. The firm’s fifty day moving average is $191.10 and its 200-day moving average is $267.57. Snowflake Inc. has a 52 week low of $126.01 and a 52 week high of $405.00.

Snowflake (NYSE:SNOWGet Rating) last released its earnings results on Wednesday, March 2nd. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.06. The business had revenue of $383.77 million for the quarter, compared to analyst estimates 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 in the previous year, the business earned ($0.70) earnings per share. Research analysts anticipate that Snowflake Inc. will post -1.6 earnings per share for the current fiscal year.

Snowflake 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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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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