Snowflake Inc. (NYSE:SNOW) Shares Purchased by Evermay Wealth Management LLC

Evermay Wealth Management LLC raised its holdings in Snowflake Inc. (NYSE:SNOWFree Report) by 4,285.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 614 shares of the company’s stock after acquiring an additional 600 shares during the period. Evermay Wealth Management LLC’s holdings in Snowflake were worth $122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Yousif Capital Management LLC increased its position in Snowflake by 5.7% during the third quarter. Yousif Capital Management LLC now owns 2,972 shares of the company’s stock worth $454,000 after purchasing an additional 160 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Snowflake by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 15,297 shares of the company’s stock worth $2,337,000 after buying an additional 3,277 shares during the period. Victory Capital Management Inc. boosted its holdings in Snowflake by 3.3% in the third quarter. Victory Capital Management Inc. now owns 335,916 shares of the company’s stock valued at $51,318,000 after acquiring an additional 10,592 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Snowflake by 43.2% in the third quarter. Assenagon Asset Management S.A. now owns 47,209 shares of the company’s stock valued at $7,212,000 after acquiring an additional 14,242 shares during the last quarter. Finally, PFG Investments LLC grew its position in Snowflake by 27.2% during the third quarter. PFG Investments LLC now owns 1,795 shares of the company’s stock valued at $274,000 after acquiring an additional 384 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, insider Benoit Dageville sold 689 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $11,406,744.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Benoit Dageville sold 689 shares of the 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 completion of the transaction, the insider now owns 70,665 shares in the company, valued at approximately $11,406,744.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark D. Mclaughlin purchased 3,030 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $165.45 per share, for a total transaction of $501,313.50. Following the completion of the transaction, the director now directly owns 11,687 shares in the company, valued at approximately $1,933,614.15. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 62,380 shares of company stock worth $9,803,625. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several research analyst reports. UBS Group lifted their price objective on Snowflake from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday. Loop Capital dropped their price objective on shares of Snowflake from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank cut their target price on shares of Snowflake from $207.00 to $195.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Raymond James upped their price target on shares of Snowflake from $190.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $220.00 price objective on shares of Snowflake in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.64.

Get Our Latest Research Report on Snowflake

Snowflake Price Performance

NYSE:SNOW traded up $1.58 during midday trading on Monday, reaching $156.16. 6,026,300 shares of the company traded hands, compared to its average volume of 6,169,560. Snowflake Inc. has a twelve month low of $138.40 and a twelve month high of $237.72. The company has a fifty day moving average price of $157.03 and a 200 day moving average price of $180.46. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of -55.77 and a beta of 0.90.

Snowflake (NYSE:SNOWGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.54%. On average, equities research analysts forecast that Snowflake Inc. will post -1.83 earnings per share for the current fiscal year.

Snowflake Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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