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Snowflake Inc. (NYSE:SNOW) Shares Acquired by Cwm LLC

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CWM LLC lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 13.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,344 shares of the company's stock after acquiring an additional 23,576 shares during the quarter. CWM LLC owned about 0.06% of Snowflake worth $28,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company's stock valued at $102,000 after purchasing an additional 59 shares during the period. Gabelli Funds LLC lifted its holdings in Snowflake by 3.3% in the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after buying an additional 65 shares in the last quarter. Archford Capital Strategies LLC boosted its position in Snowflake by 1.9% in the 1st quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company's stock valued at $527,000 after buying an additional 68 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Snowflake by 8.9% during the first quarter. TD Private Client Wealth LLC now owns 832 shares of the company's stock worth $122,000 after acquiring an additional 68 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of Snowflake by 3.0% in the fourth quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company's stock worth $406,000 after acquiring an additional 77 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

SNOW stock traded up $2.38 during trading on Monday, reaching $213.22. 2,862,892 shares of the company's stock were exchanged, compared to its average volume of 5,280,263. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $226.60. The firm has a market cap of $71.19 billion, a PE ratio of -50.65 and a beta of 1.22. The company's fifty day moving average price is $203.53 and its 200-day moving average price is $177.21. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 earnings per share 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 36.43% and a negative return on equity of 37.75%. The company's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, research analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity

In other news, CFO Michael Scarpelli sold 400,000 shares of Snowflake stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $205.36, for a total transaction of $82,144,000.00. Following the transaction, the chief financial officer directly owned 292,610 shares in the company, valued at approximately $60,090,389.60. This trade represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Garrett sold 67,000 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $198.98, for a total value of $13,331,660.00. Following the completion of the sale, the director owned 7,428 shares of the company's stock, valued at approximately $1,478,023.44. This trade represents a 90.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,718,258 shares of company stock worth $589,762,906 over the last three months. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. Hsbc Global Res lowered Snowflake from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $219.00 price target (up previously from $203.00) on shares of Snowflake in a research report on Thursday, May 22nd. Oppenheimer reaffirmed an "outperform" rating on shares of Snowflake in a report on Tuesday, June 24th. Bank of America raised their price objective on shares of Snowflake from $172.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group upped their target price on shares of Snowflake from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $225.36.

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Snowflake Profile

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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.

See Also

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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