Snowflake Inc. (NYSE:SNOW) Shares Purchased by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,633 shares of the company’s stock after purchasing an additional 465 shares during the period. Snowflake accounts for approximately 4.7% of Pursue Wealth Partners LLC’s investment portfolio, making the stock its 5th biggest position. Pursue Wealth Partners LLC’s holdings in Snowflake were worth $7,290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Snowflake by 39.0% in the 4th quarter. Russell Investments Group Ltd. now owns 191,606 shares of the company’s stock valued at $38,152,000 after acquiring an additional 53,722 shares during the last quarter. Kovack Advisors Inc. increased its holdings in shares of Snowflake by 53.8% during the 4th quarter. Kovack Advisors Inc. now owns 4,679 shares of the company’s stock worth $931,000 after buying an additional 1,637 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of Snowflake by 8.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 9,068 shares of the company’s stock worth $1,805,000 after buying an additional 697 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Snowflake by 54.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,417 shares of the company’s stock worth $2,670,000 after buying an additional 4,747 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Snowflake by 7.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 160,491 shares of the company’s stock worth $31,938,000 after buying an additional 10,987 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of Snowflake in a report on Thursday, April 11th. They set an “overweight” rating and a $185.00 price target for the company. Oppenheimer decreased their price target on shares of Snowflake from $240.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Truist Financial decreased their price target on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. HSBC restated a “reduce” rating on shares of Snowflake in a report on Thursday, February 29th. Finally, Wedbush raised their price objective on shares of Snowflake from $144.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.00.

Insider Buying and Selling

In related news, CEO Frank Slootman sold 86,078 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $225.13, for a total transaction of $19,378,740.14. Following the sale, the chief executive officer now owns 180,143 shares of the company’s stock, valued at $40,555,593.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Snowflake news, SVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $230.00, for a total transaction of $2,300,000.00. Following the sale, the senior vice president now owns 726,567 shares in the company, valued at approximately $167,110,410. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frank Slootman sold 86,078 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $225.13, for a total value of $19,378,740.14. Following the completion of the transaction, the chief executive officer now directly owns 180,143 shares of the company’s stock, valued at $40,555,593.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,209 shares of company stock valued at $34,291,592. Corporate insiders own 8.30% of the company’s stock.

Snowflake Trading Up 3.7 %

Shares of NYSE:SNOW traded up $5.63 during midday trading on Friday, hitting $158.13. The stock had a trading volume of 6,533,260 shares, compared to its average volume of 4,341,603. The company has a market capitalization of $52.85 billion, a PE ratio of -62.01 and a beta of 0.91. The stock has a 50 day moving average price of $169.91 and a two-hundred day moving average price of $179.05. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million for 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 13.79%. As a group, equities analysts expect that Snowflake Inc. will post -1.9 EPS for the current year.

About Snowflake

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.