Venture Visionary Partners LLC Has $2.65 Million Stake in Snowflake Inc. $SNOW

Venture Visionary Partners LLC boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,075 shares of the company’s stock after acquiring an additional 2,416 shares during the period. Venture Visionary Partners LLC’s holdings in Snowflake were worth $2,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNOW. Greenline Wealth Management LLC acquired a new position in Snowflake during the 4th quarter worth $29,000. GoalVest Advisory LLC lifted its position in Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. HHM Wealth Advisors LLC lifted its position in Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its position in Snowflake by 252.2% during the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $37,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of Snowflake stock opened at $240.61 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $83.40 billion, a price-to-earnings ratio of -68.35 and a beta of 1.35. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $284.99. The firm’s 50-day moving average price is $175.41 and its two-hundred day moving average price is $189.78.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, equities analysts predict that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities boosted their target price on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research report on Thursday, May 28th. Finally, Benchmark upped their price objective on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.77.

Insider Activity

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the sale, the director directly owned 8,801 shares of the company’s stock, valued at approximately $2,200,250. This represents a 91.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $245.21, for a total transaction of $98,819.63. Following the sale, the director directly owned 22,106 shares in the company, valued at $5,420,612.26. This represents a 1.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,578,690 shares of company stock valued at $357,534,217 over the last three months. 4.80% of the stock is owned by corporate insiders.

Snowflake 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.