Duality Advisers LP Purchases Shares of 21,936 Snowflake Inc. (NYSE:SNOW)

Duality Advisers LP acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,936 shares of the company’s stock, valued at approximately $4,365,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ulland Investment Advisors LLC boosted its holdings in Snowflake by 270.0% in the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after acquiring an additional 135 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Provence Wealth Management Group acquired a new stake in Snowflake in the 3rd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. increased its stake in Snowflake by 54.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its holdings in Snowflake by 89.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock worth $31,000 after buying an additional 97 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW traded down $2.96 during trading on Friday, hitting $145.45. 4,974,560 shares of the company were exchanged, compared to its average volume of 4,571,237. The company has a market cap of $48.61 billion, a PE ratio of -57.04 and a beta of 0.91. Snowflake Inc. has a 52-week low of $135.26 and a 52-week high of $237.72. The stock has a 50 day moving average of $177.80 and a 200 day moving average of $179.41.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $759.86 million. Sell-side analysts forecast that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Analyst Ratings Changes

SNOW has been the subject of several recent research reports. Monness Crespi & Hardt raised shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Bank of America dropped their target price on Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price target on Snowflake from $200.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Piper Sandler reissued an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a research report on Tuesday, February 27th. Finally, Needham & Company LLC cut their price objective on shares of Snowflake from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average price target of $202.00.

Insider Activity

In other news, insider Benoit Dageville sold 689 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $111,218.38. Following the completion of the transaction, the insider now directly owns 70,665 shares in the company, valued at $11,406,744.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Snowflake news, EVP Grzegorz Czajkowski sold 683 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the transaction, the executive vice president now directly owns 86,208 shares in the company, valued at approximately $13,915,695.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benoit Dageville sold 689 shares of Snowflake stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $111,218.38. Following the sale, the insider now owns 70,665 shares of the company’s stock, valued at approximately $11,406,744.30. The disclosure for this sale can be found here. Insiders have sold a total of 180,555 shares of company stock worth $36,868,487 over the last ninety days. Company insiders own 8.30% of the company’s stock.

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.