3,941 Shares in Snowflake Inc. $SNOW Acquired by Win Advisors Inc.

Win Advisors Inc. acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,941 shares of the company’s stock, valued at approximately $864,000.

Several other large investors have also recently added to or reduced their stakes in SNOW. AG2R LA Mondiale Gestion D Actifs grew its stake in shares of Snowflake by 7.9% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 13,070 shares of the company’s stock valued at $2,867,000 after acquiring an additional 952 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Snowflake by 20.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 13,037 shares of the company’s stock worth $2,860,000 after purchasing an additional 2,193 shares in the last quarter. Katamaran Capital LLP raised its stake in Snowflake by 74.7% in the 4th quarter. Katamaran Capital LLP now owns 22,076 shares of the company’s stock worth $4,843,000 after purchasing an additional 9,436 shares in the last quarter. Income Insurance Ltd acquired a new stake in Snowflake in the 4th quarter worth about $206,000. Finally, Advisor OS LLC raised its stake in Snowflake by 3.2% in the 4th quarter. Advisor OS LLC now owns 2,387 shares of the company’s stock worth $524,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Activity at Snowflake

In related news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of Snowflake stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares in the company, valued at $90,699,314.94. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 384,313 shares of company stock worth $64,308,373 in the last ninety days. Insiders own 6.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $151.29 on Tuesday. The firm has a 50 day moving average of $156.22 and a 200-day moving average of $199.11. The stock has a market capitalization of $52.30 billion, a PE ratio of -38.30 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. On average, equities research analysts predict that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays dropped their price objective on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Morgan Stanley dropped their price objective on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Royal Bank Of Canada set a $245.00 price objective on shares of Snowflake in a research note on Wednesday, February 11th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Finally, BTIG Research dropped their price objective on shares of Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $242.19.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.