Focus Partners Advisor Solutions LLC Buys New Shares in Snowflake Inc. (NYSE:SNOW)

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,168 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new stake in Snowflake during the 4th quarter valued at about $29,000. West Paces Advisors Inc. bought a new position in Snowflake during the 4th quarter valued at approximately $31,000. Spurstone Advisory Services LLC purchased a new stake in Snowflake during the 4th quarter valued at about $31,000. Quadrant Capital Group LLC raised its holdings in Snowflake by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock worth $33,000 after acquiring an additional 91 shares during the last quarter. Finally, Colonial Trust Co SC bought a new position in shares of Snowflake during the fourth quarter valued at $33,000. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SNOW shares. Cowen reiterated a "buy" rating on shares of Snowflake in a research note on Thursday, May 22nd. Oppenheimer reissued an "outperform" rating and set a $225.00 price objective (up previously from $210.00) on shares of Snowflake in a research report on Thursday, May 22nd. Macquarie lifted their price objective on Snowflake from $160.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Royal Bank of Canada set a $236.00 price target on shares of Snowflake and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Truist Financial upped their target price on shares of Snowflake from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $217.33.

Insider Buying and Selling at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated 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. This represents a 1.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 1,783 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the sale, the director now owns 192,511 shares of the company's stock, valued at $28,345,319.64. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,963 shares of company stock valued at $58,204,058. Company insiders own 7.80% of the company's stock.

Snowflake Stock Performance

Shares of NYSE SNOW traded down $2.06 during midday trading on Wednesday, reaching $204.29. The company had a trading volume of 4,357,361 shares, compared to its average volume of 6,478,468. The business's 50-day simple moving average is $161.07 and its 200 day simple moving average is $164.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $67.44 billion, a P/E ratio of -60.26 and a beta of 1.11. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $209.46.

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