NTV Asset Management LLC Purchases Shares of 15,520 Snowflake Inc. (NYSE:SNOW)

NTV Asset Management LLC bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,520 shares of the company's stock, valued at approximately $2,268,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Snowflake by 16.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,131 shares of the company's stock valued at $792,000 after purchasing an additional 723 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Snowflake in the fourth quarter valued at approximately $8,321,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock valued at $2,077,000 after purchasing an additional 69 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Snowflake by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,715 shares of the company's stock valued at $2,581,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Transactions at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $221.47, for a total value of $89,252.41. Following the sale, the director owned 26,539 shares in the company, valued at approximately $5,877,592.33. The trade was a 1.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $218.89, for a total value of $2,188,900.00. Following the completion of the sale, the executive vice president owned 547,336 shares in the company, valued at $119,806,377.04. This trade represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,294,062 shares of company stock worth $495,050,427. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Scotiabank restated an "outperform" rating on shares of Snowflake in a research note on Thursday, May 22nd. CICC Research assumed coverage on Snowflake in a research note on Friday, June 20th. They issued an "outperform" rating and a $225.00 price target for the company. Jefferies Financial Group raised their price target on Snowflake from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Mizuho raised their price target on Snowflake from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted their target price on Snowflake from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Snowflake has an average rating of "Moderate Buy" and a consensus target price of $225.36.

Snowflake Price Performance

Shares of Snowflake stock traded down $0.98 during trading on Wednesday, reaching $222.53. 727,606 shares of the company's stock were exchanged, compared to its average volume of 6,023,525. The company has a market cap of $74.29 billion, a P/E ratio of -52.81 and a beta of 1.22. Snowflake Inc. has a 1-year low of $107.13 and a 1-year 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 firm's 50-day moving average price is $200.46 and its 200 day moving average price is $176.01.

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, topping analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. Snowflake's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current 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.