Savant Capital LLC Buys 1,558 Shares of Snowflake Inc. $SNOW

Savant Capital LLC lifted its stake in Snowflake Inc. (NYSE:SNOW) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,848 shares of the company’s stock after purchasing an additional 1,558 shares during the period. Savant Capital LLC’s holdings in Snowflake were worth $14,735,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Modera Wealth Management LLC boosted its position in Snowflake by 6.2% in the 2nd quarter. Modera Wealth Management LLC now owns 2,534 shares of the company’s stock valued at $567,000 after buying an additional 149 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Snowflake by 417.2% during the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after acquiring an additional 121 shares during the period. Andra AP fonden lifted its stake in shares of Snowflake by 34.2% during the second quarter. Andra AP fonden now owns 62,445 shares of the company’s stock valued at $13,973,000 after acquiring an additional 15,900 shares during the period. Trivest Advisors Ltd bought a new position in Snowflake in the second quarter valued at about $48,111,000. Finally, Resona Asset Management Co. Ltd. increased its position in Snowflake by 10.4% in the second quarter. Resona Asset Management Co. Ltd. now owns 99,222 shares of the company’s stock worth $22,189,000 after purchasing an additional 9,373 shares during the period. Institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $224.85, for a total transaction of $11,318,499.30. Following the completion of the sale, the director directly owned 35,276 shares of the company’s stock, valued at approximately $7,931,808.60. This represents a 58.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 710,083 shares of Snowflake stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $230.47, for a total transaction of $163,652,829.01. Following the completion of the transaction, the director directly owned 165,507 shares in the company, valued at approximately $38,144,398.29. The trade was a 81.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 880,647 shares of company stock worth $203,522,973. Company insiders own 6.80% of the company’s stock.

Snowflake Price Performance

Shares of SNOW stock opened at $262.72 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 12-month low of $119.66 and a 12-month high of $280.67. The firm has a fifty day moving average of $240.55 and a 200-day moving average of $214.54. The firm has a market capitalization of $89.01 billion, a price-to-earnings ratio of -63.31 and a beta of 1.23.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SNOW. Stephens initiated coverage on shares of Snowflake in a research report on Friday, July 18th. They set an “overweight” rating and a $261.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Snowflake in a research note on Friday, October 17th. Cowen restated a “buy” rating on shares of Snowflake in a report on Thursday, August 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of Snowflake in a research note on Friday, October 17th. Finally, DA Davidson reiterated a “buy” rating and set a $250.00 target price on shares of Snowflake in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $258.95.

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.