1,156 Shares in Snowflake Inc. $SNOW Bought by Verus Capital Partners LLC

Verus Capital Partners LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,156 shares of the company’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNOW. Trust Co. of Toledo NA OH acquired a new stake in shares of Snowflake in the 2nd quarter valued at approximately $25,000. Avion Wealth grew its holdings in Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after purchasing an additional 49 shares during the period. Rossby Financial LCC increased its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares in the last quarter. Whittier Trust Co. raised its holdings in Snowflake by 149.1% in the second quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after purchasing an additional 82 shares during the period. Finally, Golden State Wealth Management LLC boosted its position 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 worth $34,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $269.36 on Thursday. The stock has a market capitalization of $91.26 billion, a price-to-earnings ratio of -64.91 and a beta of 1.23. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The firm has a fifty day simple moving average of $242.71 and a 200 day simple moving average of $217.47. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96.

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

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Snowflake from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Evercore ISI boosted their target price on Snowflake from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Robert W. Baird raised their price target on Snowflake from $215.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Macquarie lifted their price objective on Snowflake from $210.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, Sanford C. Bernstein increased their target price on Snowflake from $191.00 to $221.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $259.89.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $277.73, for a total transaction of $2,777,300.00. Following the transaction, the executive vice president directly owned 522,450 shares in the company, valued at approximately $145,100,038.50. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $257.29, for a total transaction of $103,687.87. Following the completion of the sale, the director owned 24,927 shares of the company’s stock, valued at approximately $6,413,467.83. This represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 931,388 shares of company stock worth $216,578,628. Corporate insiders own 6.80% 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.