Cwm LLC Has $48.38 Million Stock Holdings in Snowflake Inc. $SNOW

Key Points

• Cwm LLC increased its stake in Snowflake Inc. by 9.0%, owning 216,212 shares valued at approximately $48.38 million as of its latest SEC filing.
• Snowflake reported quarterly earnings of $0.35 EPS, exceeding analysts' expectations and showcasing a 31.8% year-over-year revenue growth.
• The stock has seen significant activity, with institutional investors owning 65.10% of the company, and recent insider transactions revealing that executives have sold shares valued at roughly $270 million.

Cwm LLC grew its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,212 shares of the company's stock after buying an additional 17,868 shares during the period. Cwm LLC owned 0.06% of Snowflake worth $48,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Snowflake by 1.2% in the first quarter. Vanguard Group Inc. now owns 27,194,208 shares of the company's stock valued at $3,974,705,000 after buying an additional 316,573 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Snowflake during the 2nd quarter valued at about $3,900,134,000. Price T Rowe Associates Inc. MD boosted its position in shares of Snowflake by 19.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,732,428 shares of the company's stock valued at $691,693,000 after purchasing an additional 763,673 shares in the last quarter. Nuveen LLC bought a new stake in shares of Snowflake during the 1st quarter valued at about $555,847,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Snowflake by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,587,114 shares of the company's stock valued at $524,293,000 after purchasing an additional 650,775 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake Stock Down 3.3%

SNOW stock opened at $242.52 on Friday. Snowflake Inc. has a twelve month low of $113.23 and a twelve month high of $255.39. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.96. The stock's 50 day moving average is $218.64 and its 200-day moving average is $198.82. The firm has a market capitalization of $82.17 billion, a PE ratio of -58.44 and a beta of 1.21.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.Snowflake's revenue was up 31.8% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. Sell-side analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 1,658 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $225.25, for a total transaction of $373,464.50. Following the completion of the sale, the chief accounting officer directly owned 31,745 shares of the company's stock, valued at approximately $7,150,561.25. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael L. Speiser sold 2,976 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $236.01, for a total value of $702,365.76. Following the sale, the director directly owned 34,436 shares of the company's stock, valued at $8,127,240.36. The trade was a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,182,434 shares of company stock valued at $270,280,661 in the last ninety days. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. KeyCorp upped their target price on Snowflake from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. BTIG Research increased their price target on Snowflake from $235.00 to $276.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Snowflake in a report on Wednesday. Rosenblatt Securities increased their price target on Snowflake from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Cantor Fitzgerald increased their price target on Snowflake from $242.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $256.18.

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.

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