Sandbox Financial Partners LLC Has $9.93 Million Stake in Snowflake Inc. (NYSE:SNOW)

Sandbox Financial Partners LLC lessened its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,961 shares of the company's stock after selling 1,610 shares during the period. Snowflake makes up about 3.5% of Sandbox Financial Partners LLC's investment portfolio, making the stock its 8th biggest holding. Sandbox Financial Partners LLC's holdings in Snowflake were worth $9,933,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SNOW. Stonebridge Financial Group LLC bought a new stake in Snowflake in the fourth quarter valued at approximately $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake during the fourth quarter worth $31,000. Spurstone Advisory Services LLC bought a new stake in shares of Snowflake during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Snowflake during the fourth quarter worth $31,000. Finally, Carolinas Wealth Consulting LLC bought a new stake in shares of Snowflake during the fourth quarter worth $32,000. Institutional investors own 65.10% of the company's stock.

Snowflake Trading Up 0.2%

SNOW opened at $209.99 on Friday. The company's 50 day moving average is $168.14 and its 200-day moving average is $168.59. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $214.83. 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 company has a market cap of $70.11 billion, a P/E ratio of -61.94 and a beta of 1.21.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results 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 net margin of 33.02% and a negative return on equity of 24.23%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.14 EPS. The firm's quarterly revenue was up 25.8% compared to the same quarter last year. Equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark Garrett sold 67,000 shares of Snowflake stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $198.98, for a total transaction of $13,331,660.00. Following the sale, the director now directly owns 7,428 shares in the company, valued at $1,478,023.44. This trade represents a 90.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the sale, the chief financial officer now owns 292,610 shares in the company, valued at approximately $47,756,878.10. This represents a 50.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 849,779 shares of company stock worth $159,318,643. Corporate insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SNOW shares. Morgan Stanley restated an "equal weight" rating on shares of Snowflake in a report on Thursday, May 22nd. Hsbc Global Res lowered shares of Snowflake from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 22nd. BTIG Research reissued a "buy" rating on shares of Snowflake in a research report on Thursday, May 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $205.00 price target on shares of Snowflake in a research report on Monday, May 19th. Finally, DA Davidson reaffirmed a "buy" rating and set a $250.00 price target on shares of Snowflake in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.28.

About Snowflake

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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