First Horizon Advisors Inc. grew its position in shares of Snowflake Inc. (NYSE:SNOW – Get Rating) by 615.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143 shares of the company’s stock after acquiring an additional 123 shares during the period. First Horizon Advisors Inc.’s holdings in Snowflake were worth $48,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Snowflake by 13.1% during the third quarter. Morgan Stanley now owns 16,843,131 shares of the company’s stock valued at $5,093,868,000 after acquiring an additional 1,944,885 shares during the last quarter. Capital Research Global Investors raised its stake in Snowflake by 77.9% in the third quarter. Capital Research Global Investors now owns 4,896,960 shares of the company’s stock worth $1,480,945,000 after buying an additional 2,144,156 shares in the last quarter. Jennison Associates LLC raised its stake in Snowflake by 81.5% in the fourth quarter. Jennison Associates LLC now owns 4,635,071 shares of the company’s stock worth $1,570,130,000 after buying an additional 2,080,950 shares in the last quarter. Baillie Gifford & Co. raised its stake in Snowflake by 1.1% in the fourth quarter. Baillie Gifford & Co. now owns 3,996,279 shares of the company’s stock worth $1,353,740,000 after buying an additional 42,560 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Snowflake by 24.8% in the third quarter. Goldman Sachs Group Inc. now owns 2,400,051 shares of the company’s stock worth $725,847,000 after buying an additional 477,577 shares in the last quarter. 76.67% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on SNOW shares. The Goldman Sachs Group decreased their price target on shares of Snowflake from $335.00 to $289.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Canaccord Genuity Group cut their price objective on shares of Snowflake from $360.00 to $210.00 in a report on Thursday, March 3rd. StockNews.com began coverage on shares of Snowflake in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Cowen cut their price objective on shares of Snowflake from $450.00 to $410.00 and set an “outperform” rating on the stock in a report on Monday, February 28th. Finally, Truist Financial cut their price objective on shares of Snowflake from $350.00 to $300.00 in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Snowflake has a consensus rating of “Buy” and an average target price of $303.89.
SNOW opened at $158.36 on Friday. Snowflake Inc. has a 1-year low of $126.01 and a 1-year high of $405.00. The company has a market capitalization of $49.82 billion, a PE ratio of -69.46 and a beta of 1.80. The firm’s 50 day simple moving average is $195.66 and its two-hundred day simple moving average is $276.08.
Snowflake (NYSE:SNOW – Get Rating) last released its quarterly earnings results on Wednesday, March 2nd. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.06. Snowflake had a negative net margin of 55.76% and a negative return on equity of 13.45%. The business had revenue of $383.77 million for the quarter, compared to the consensus estimate of $371.89 million. During the same period last year, the firm earned ($0.70) earnings per share. As a group, research analysts expect that Snowflake Inc. will post -1.6 earnings per share for the current year.
About Snowflake (Get Rating)
Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.
- Get a free copy of the StockNews.com research report on Snowflake (SNOW)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.