B. Metzler seel. Sohn & Co. AG Buys 2,191 Shares of Snowflake Inc. $SNOW

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Snowflake Inc. by 21.1% in Q1, now holding 12,573 shares valued at approximately $1.84 million.
• Multiple analysts have given Snowflake positive ratings, with price targets raised, reflecting strong confidence in its future performance.
• Insider trading activity includes significant sales, with executives selling over 3.2 million shares totaling approximately $719 million in the last three months.

B. Metzler seel. Sohn & Co. AG lifted its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 21.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,573 shares of the company's stock after buying an additional 2,191 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Snowflake were worth $1,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC increased its stake in Snowflake by 11.3% in the first quarter. Guggenheim Capital LLC now owns 148,777 shares of the company's stock valued at $21,745,000 after purchasing an additional 15,067 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Snowflake in the first quarter worth about $264,000. Ieq Capital LLC raised its stake in Snowflake by 2.1% during the first quarter. Ieq Capital LLC now owns 1,280,315 shares of the company's stock valued at $187,131,000 after buying an additional 26,533 shares in the last quarter. Hershey Trust Co. raised its stake in Snowflake by 315.1% during the first quarter. Hershey Trust Co. now owns 32,336 shares of the company's stock valued at $4,726,000 after buying an additional 24,546 shares in the last quarter. Finally, Per Stirling Capital Management LLC. acquired a new stake in shares of Snowflake during the 1st quarter worth approximately $316,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

NYSE SNOW traded down $10.28 during trading on Thursday, reaching $219.05. 5,645,352 shares of the company traded hands, compared to its average volume of 5,357,714. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $249.99. The stock's 50 day moving average price is $212.27 and its two-hundred day moving average price is $186.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $73.13 billion, a price-to-earnings ratio of -52.78 and a beta of 1.22.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. Snowflake had a negative net margin of 33.53% and a negative return on equity of 41.42%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Snowflake's quarterly revenue was up 31.8% compared to the same quarter last year. As a group, analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Activity

In related news, Director Frank Slootman sold 710,083 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $230.47, for a total value of $163,652,829.01. Following the completion of the sale, the director owned 165,507 shares of the company's stock, valued at $38,144,398.29. This trade represents a 81.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 3,216,909 shares of company stock valued at $717,287,181 in the last three months. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of recent analyst reports. Wedbush increased their price objective on Snowflake from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Raymond James Financial increased their target price on Snowflake from $212.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Stephens started coverage on Snowflake in a report on Friday, July 18th. They set an "overweight" rating and a $261.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Snowflake from $225.00 to $255.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Finally, UBS Group increased their target price on shares of Snowflake from $250.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.53.

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.