BDF Gestion Takes Position in Snowflake Inc. (NYSE:SNOW)

BDF Gestion bought a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,000 shares of the company's stock, valued at approximately $2,046,000.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Snowflake during the first quarter valued at approximately $26,000. CVA Family Office LLC lifted its position in Snowflake by 80.0% in the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after acquiring an additional 88 shares in the last quarter. West Paces Advisors Inc. bought a new position in Snowflake in the 4th quarter valued at approximately $31,000. Spurstone Advisory Services LLC bought a new position in Snowflake in the 4th quarter valued at approximately $31,000. Finally, Capital A Wealth Management LLC bought a new position in Snowflake in the 4th quarter valued at approximately $31,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNOW has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $245.00 price objective on shares of Snowflake in a research report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on Snowflake from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective on the stock in a research report on Tuesday, February 18th. Cantor Fitzgerald upped their price objective on Snowflake from $183.00 to $242.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group increased their price target on Snowflake from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and an average price target of $223.50.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares of the company's stock, valued at approximately $3,408,968.75. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 3,765 shares of Snowflake stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85. Following the sale, the executive vice president now directly owns 616,602 shares of the company's stock, valued at $95,998,765.38. This represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 903,058 shares of company stock valued at $170,730,711 over the last 90 days. Insiders own 6.80% of the company's stock.

Snowflake Stock Down 1.5%

Shares of NYSE SNOW opened at $208.14 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $69.49 billion, a P/E ratio of -61.40 and a beta of 1.21. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $214.83. The firm has a 50-day simple moving average of $176.54 and a two-hundred day simple moving average of $170.74.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative net margin of 33.02% and a negative return on equity of 24.23%. The firm's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Snowflake 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.

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