SeaCrest Wealth Management LLC Sells 72 Shares of Snowflake Inc. (NYSE:SNOW)

SeaCrest Wealth Management LLC cut its stake in shares of Snowflake Inc. (NYSE:SNOW) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,511 shares of the company’s stock after selling 72 shares during the period. SeaCrest Wealth Management LLC’s holdings in Snowflake were worth $1,610,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ulland Investment Advisors LLC grew its holdings in Snowflake by 270.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after acquiring an additional 135 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Snowflake by 333.3% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Provence Wealth Management Group bought a new position in Snowflake during the 3rd quarter worth $30,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Snowflake by 54.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. grew its position in shares of Snowflake by 89.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock valued at $31,000 after buying an additional 97 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Price Performance

NYSE:SNOW traded up $1.39 on Thursday, reaching $161.43. 10,099,773 shares of the company’s stock were exchanged, compared to its average volume of 7,140,221. The firm has a market cap of $53.16 billion, a price-to-earnings ratio of -63.96 and a beta of 0.94. The stock has a fifty day simple moving average of $195.94 and a 200-day simple moving average of $179.43. Snowflake Inc. has a 52 week low of $135.26 and a 52 week high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. The firm had revenue of $774.70 million during the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.80%. As a group, sell-side analysts predict that Snowflake Inc. will post -1.92 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $230.00, for a total value of $2,300,000.00. Following the sale, the senior vice president now directly owns 726,567 shares of the company’s stock, valued at $167,110,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $230.00, for a total value of $2,300,000.00. Following the completion of the sale, the senior vice president now owns 726,567 shares in the company, valued at approximately $167,110,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Benoit Dageville sold 8,515 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 55,216 shares of the company’s stock, valued at $8,627,500. The disclosure for this sale can be found here. Insiders sold a total of 184,355 shares of company stock worth $37,679,411 over the last ninety days. 8.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SNOW shares. Truist Financial dropped their price target on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Mizuho reaffirmed a “buy” rating and set a $205.00 price target (down previously from $255.00) on shares of Snowflake in a research report on Thursday, February 29th. Bank of America cut their target price on Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Rosenblatt Securities lowered their target price on Snowflake from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Finally, Guggenheim raised shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.50.

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.