Thompson Davis & CO. Inc. Has $354,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Thompson Davis & CO. Inc. decreased its stake in Snowflake Inc. (NYSE:SNOW) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,830 shares of the company’s stock after selling 90 shares during the period. Thompson Davis & CO. Inc.’s holdings in Snowflake were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in Snowflake by 59.2% during the fourth quarter. Brighton Jones LLC now owns 86,852 shares of the company’s stock worth $17,284,000 after purchasing an additional 32,310 shares during the period. Certuity LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $295,000. Kestra Private Wealth Services LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $278,000. Pursue Wealth Partners LLC grew its stake in Snowflake by 1.3% in the fourth quarter. Pursue Wealth Partners LLC now owns 36,633 shares of the company’s stock valued at $7,290,000 after acquiring an additional 465 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Snowflake by 39.0% in the fourth quarter. Russell Investments Group Ltd. now owns 191,606 shares of the company’s stock valued at $38,152,000 after acquiring an additional 53,722 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 12,533 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.04, for a total transaction of $2,507,101.32. Following the sale, the executive now directly owns 98,172 shares in the company, valued at approximately $19,638,326.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Benoit Dageville sold 8,515 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the transaction, the insider now directly owns 55,216 shares of the company’s stock, valued at approximately $8,627,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Christopher William Degnan sold 12,533 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $200.04, for a total value of $2,507,101.32. Following the transaction, the executive now directly owns 98,172 shares in the company, valued at $19,638,326.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,209 shares of company stock worth $34,291,592. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SNOW. Piper Sandler restated an “overweight” rating and issued a $250.00 target price on shares of Snowflake in a report on Tuesday, February 27th. Needham & Company LLC dropped their target price on Snowflake from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada lowered their target price on Snowflake from $255.00 to $246.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Finally, Bank of America lowered their target price on Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

Snowflake Stock Performance

Shares of Snowflake stock traded down $2.28 during midday trading on Tuesday, hitting $155.16. The company had a trading volume of 4,011,604 shares, compared to its average volume of 6,482,611. The stock has a market capitalization of $51.85 billion, a P/E ratio of -60.85 and a beta of 0.91. The company has a 50 day moving average of $167.16 and a 200 day moving average of $179.13. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72.

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

About Snowflake

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.