Snowflake Inc. (NYSE:SNOW) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,068 shares of the company’s stock after acquiring an additional 697 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Snowflake were worth $1,805,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Snowflake by 54.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,417 shares of the company’s stock valued at $2,670,000 after acquiring an additional 4,747 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Snowflake by 7.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 160,491 shares of the company’s stock worth $31,938,000 after purchasing an additional 10,987 shares in the last quarter. Syon Capital LLC acquired a new position in shares of Snowflake during the fourth quarter worth about $296,000. Pittenger & Anderson Inc. lifted its stake in shares of Snowflake by 13,875.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 2,795 shares of the company’s stock worth $556,000 after purchasing an additional 2,775 shares in the last quarter. Finally, Lyell Wealth Management LP lifted its stake in shares of Snowflake by 68.6% during the fourth quarter. Lyell Wealth Management LP now owns 48,747 shares of the company’s stock worth $9,701,000 after purchasing an additional 19,838 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Grzegorz Czajkowski sold 683 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the sale, the executive vice president now directly owns 86,208 shares of the company’s stock, valued at $13,915,695.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Emily Ho sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the sale, the chief accounting officer now directly owns 28,393 shares in the company, valued at $4,457,133.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Grzegorz Czajkowski sold 683 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 $110,249.86. Following the completion of the transaction, the executive vice president now owns 86,208 shares of the company’s stock, valued at $13,915,695.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,209 shares of company stock valued at $34,291,592. 8.30% of the stock is owned by insiders.

Snowflake Trading Up 3.7 %

SNOW traded up $5.60 on Friday, hitting $158.11. 6,530,771 shares of the stock traded hands, compared to its average volume of 6,529,940. Snowflake Inc. has a 52 week low of $138.40 and a 52 week high of $237.72. The firm has a market capitalization of $52.84 billion, a PE ratio of -62.00 and a beta of 0.91. The business has a fifty day moving average price of $169.91 and a two-hundred day moving average price of $178.94.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million during the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. On average, equities research analysts forecast that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays cut their price target on Snowflake from $198.00 to $188.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Morgan Stanley reiterated an “equal weight” rating and set a $175.00 price objective (down from $230.00) on shares of Snowflake in a research report on Thursday, February 29th. Macquarie upgraded Snowflake from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $182.00 to $205.00 in a research report on Thursday, February 29th. Stifel Nicolaus reduced their price objective on Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Raymond James upped their target price on Snowflake from $190.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

Snowflake 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.