6,457 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, Holdings Channel.com reports. The fund bought 6,457 shares of the company’s stock, valued at approximately $1,285,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cigna Investments Inc. New lifted its position in Snowflake by 1.6% during the fourth quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after acquiring an additional 51 shares during the last quarter. E&G Advisors LP raised its position in shares of Snowflake by 3.0% in the 4th quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock valued at $352,000 after purchasing an additional 51 shares during the last quarter. Commerce Bank boosted its stake in Snowflake by 0.8% in the 4th quarter. Commerce Bank now owns 6,138 shares of the company’s stock worth $1,221,000 after purchasing an additional 51 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Snowflake by 34.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after purchasing an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of Snowflake by 18.1% in the fourth quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock worth $68,000 after buying an additional 53 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other news, insider Benoit Dageville sold 558 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $128.31, for a total value of $71,596.98. Following the completion of the sale, the insider now directly owns 63,222 shares in the company, valued at $8,112,014.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Snowflake news, insider Benoit Dageville sold 558 shares of Snowflake stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $128.31, for a total transaction of $71,596.98. Following the completion of the sale, the insider now directly owns 63,222 shares in the company, valued at $8,112,014.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 546 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $129.32, for a total transaction of $70,608.72. Following the completion of the transaction, the executive vice president now owns 756,489 shares in the company, valued at $97,829,157.48. The disclosure for this sale can be found here. Insiders have sold a total of 82,277 shares of company stock worth $12,545,775 in the last ninety days. Insiders own 7.80% of the company’s stock.

Snowflake Trading Up 1.0 %

SNOW stock traded up $1.27 during midday trading on Friday, reaching $127.17. The stock had a trading volume of 6,820,093 shares, compared to its average volume of 8,209,907. Snowflake Inc. has a 52-week low of $124.69 and a 52-week high of $237.72. The company’s fifty day simple moving average is $150.51 and its 200 day simple moving average is $177.32. The company has a market cap of $42.58 billion, a price-to-earnings ratio of -45.42 and a beta of 0.85.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.40). Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. The business had revenue of $828.71 million during the quarter, compared to analysts’ expectations of $786.95 million. Sell-side analysts predict that Snowflake Inc. will post -2.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Wedbush restated a “neutral” rating and issued a $210.00 price objective on shares of Snowflake in a research note on Wednesday, June 5th. KeyCorp lifted their target price on Snowflake from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Scotiabank reduced their price target on shares of Snowflake from $207.00 to $195.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada cut their price objective on shares of Snowflake from $226.00 to $183.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.92.

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.