2,752 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Bailard Inc.

Bailard Inc. bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,752 shares of the company's stock, valued at approximately $402,000.

A number of other hedge funds have also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in Snowflake during the first quarter worth approximately $26,000. CVA Family Office LLC boosted its position in Snowflake by 80.0% during the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after purchasing an additional 88 shares in the last quarter. West Paces Advisors Inc. purchased a new position in Snowflake during the fourth quarter worth approximately $31,000. Spurstone Advisory Services LLC purchased a new position in Snowflake during the fourth quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC purchased a new position in Snowflake during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Monday, July 7th. The stock was sold at an average price of $221.47, for a total value of $89,252.41. Following the completion of the sale, the director directly owned 26,539 shares of the company's stock, valued at approximately $5,877,592.33. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 100,483 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $223.55, for a total value of $22,462,974.65. Following the transaction, the director directly owned 165,507 shares of the company's stock, valued at $36,999,089.85. The trade was a 37.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,718,258 shares of company stock valued at $589,762,906. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Daiwa Capital Markets assumed coverage on Snowflake in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price target on the stock. HSBC downgraded Snowflake from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Evercore ISI reaffirmed a "buy" rating on shares of Snowflake in a research note on Wednesday, June 4th. BTIG Research reaffirmed a "buy" rating on shares of Snowflake in a research note on Thursday, May 22nd. Finally, Loop Capital lifted their price target on Snowflake from $220.00 to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $226.73.

Snowflake Trading Up 2.4%

Shares of NYSE SNOW traded up $5.16 during trading on Friday, reaching $216.74. The stock had a trading volume of 3,383,192 shares, compared to its average volume of 5,976,901. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $226.60. 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 business's 50-day moving average price is $207.75 and its 200-day moving average price is $179.06. The company has a market cap of $72.36 billion, a P/E ratio of -51.48 and a beta of 1.22.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The company's revenue was up 25.8% on a year-over-year basis. On average, equities research analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

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.