Hoylecohen LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW – Get 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.
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:SNOW – Get 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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