111 Capital Purchases Shares of 3,746 Snowflake Inc. (NYSE:SNOW)

111 Capital acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,746 shares of the company's stock, valued at approximately $578,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock worth $104,028,000 after purchasing an additional 8,857 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of Snowflake by 7,407.4% during the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock worth $313,000 after purchasing an additional 2,000 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its position in shares of Snowflake by 40.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock worth $2,458,000 after purchasing an additional 4,559 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Snowflake by 455.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 124,178 shares of the company's stock worth $19,174,000 after purchasing an additional 101,806 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Snowflake during the 4th quarter worth about $3,088,000. Institutional investors own 65.10% of the company's stock.

Snowflake Stock Performance

Shares of SNOW stock traded up $4.22 during trading hours on Monday, hitting $209.89. 4,467,103 shares of the company were exchanged, compared to its average volume of 6,427,074. The firm has a fifty day simple moving average of $164.64 and a 200 day simple moving average of $167.45. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $210.44. The stock has a market capitalization of $70.07 billion, a price-to-earnings ratio of -61.91 and a beta of 1.11.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. Snowflake had a negative net margin of 33.02% and a negative return on equity of 24.23%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.14 EPS. Snowflake's quarterly revenue was up 25.8% compared to the same quarter last year. Research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total value of $2,576,250.00. Following the completion of the transaction, the executive vice president now directly owns 594,975 shares of the company's stock, valued at approximately $102,186,956.25. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 849,779 shares of company stock valued at $158,838,193. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reissued an "overweight" rating and set a $225.00 price objective (up previously from $200.00) on shares of Snowflake in a research report on Thursday, May 22nd. HSBC cut shares of Snowflake from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JMP Securities set a $245.00 target price on shares of Snowflake in a report on Thursday, May 22nd. Rosenblatt Securities restated a "buy" rating and issued a $205.00 target price on shares of Snowflake in a report on Monday, May 19th. Finally, Cantor Fitzgerald upped their target price on shares of Snowflake from $183.00 to $242.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $217.33.

Snowflake Company 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, as well as applies artificial intelligence (AI) for solving business problems.