3,844 Snowflake Inc. $SNOW Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in Snowflake Inc. (NYSE:SNOW) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,140 shares of the company’s stock after selling 3,844 shares during the period. Keybank National Association OH’s holdings in Snowflake were worth $8,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Physician Wealth Advisors Inc. grew its holdings in shares of Snowflake by 37.8% during the third quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock worth $42,000 after buying an additional 34 shares in the last quarter. Nvwm LLC raised its position in Snowflake by 0.6% in the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock valued at $2,110,000 after buying an additional 37 shares during the last quarter. Myecfo LLC raised its position in Snowflake by 4.1% in the 3rd quarter. Myecfo LLC now owns 968 shares of the company’s stock valued at $329,000 after buying an additional 38 shares during the last quarter. Fermata Advisors LLC lifted its stake in Snowflake by 4.9% in the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock valued at $303,000 after acquiring an additional 42 shares in the last quarter. Finally, Abel Hall LLC lifted its stake in Snowflake by 3.8% in the 3rd quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock valued at $404,000 after acquiring an additional 44 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of recent research reports. Citigroup upped their price target on Snowflake from $395.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Wells Fargo & Company raised their price target on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Barclays lifted their price objective on shares of Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. BTIG Research boosted their price objective on shares of Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Rosenblatt Securities increased their target price on shares of Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Thirty-six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $413.87.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $299.01 on Friday. The stock has a 50 day moving average price of $326.01 and a 200 day moving average price of $243.40. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $105.49 billion, a PE ratio of -94.03 and a beta of 1.32.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Analysts predict that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CRO Jonathan Beaulier sold 755 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total value of $253,951.80. Following the completion of the sale, the executive owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. This represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Speiser sold 840 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $275.92, for a total value of $231,772.80. Following the completion of the sale, the director directly owned 23,516 shares of the company’s stock, valued at approximately $6,488,534.72. The trade was a 3.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,186,443 shares of company stock worth $387,734,752. 4.80% of the stock is currently owned by company insiders.

About Snowflake

Snowflake Inc. provides a cloud-based data platform that helps organizations store, process, analyze and share data. Its platform brings together capabilities for data warehousing, data engineering, analytics, application development and artificial intelligence, and supports data sharing through its marketplace and other services. Snowflake’s platform runs across major cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. The company serves customers in multiple industries and geographies, offering tools to work with data across cloud environments.