SYM FINANCIAL Corp Purchases 1,224 Shares of Snowflake Inc. (NYSE:SNOW)

SYM FINANCIAL Corp increased its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 78.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,793 shares of the company's stock after purchasing an additional 1,224 shares during the quarter. SYM FINANCIAL Corp's holdings in Snowflake were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SNOW. Quarry LP grew its stake in Snowflake by 9.8% during the 4th quarter. Quarry LP now owns 662 shares of the company's stock valued at $102,000 after acquiring an additional 59 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of Snowflake by 2.3% during the 1st quarter. Ignite Planners LLC now owns 2,861 shares of the company's stock valued at $418,000 after buying an additional 64 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock valued at $317,000 after buying an additional 65 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Snowflake by 1.9% during 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. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Snowflake by 8.9% during the 1st quarter. TD Private Client Wealth LLC now owns 832 shares of the company's stock valued at $122,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein reiterated a "market perform" rating on shares of Snowflake in a report on Thursday, May 22nd. Truist Financial boosted their target price on Snowflake from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. DA Davidson restated a "buy" rating and issued a $250.00 target price on shares of Snowflake in a report on Wednesday, June 4th. Daiwa America upgraded Snowflake to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Piper Sandler restated an "overweight" rating and issued a $215.00 target price (up from $175.00) on shares of Snowflake in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and an average price target of $226.73.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 424,852 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $219.35, for a total value of $93,191,286.20. Following the transaction, the director owned 165,507 shares of the company's stock, valued at approximately $36,303,960.45. This represents a 71.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Garrett sold 67,000 shares of Snowflake stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $198.98, for a total transaction of $13,331,660.00. Following the transaction, the director directly owned 7,428 shares in the company, valued at approximately $1,478,023.44. This represents a 90.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,718,258 shares of company stock valued at $589,762,906. 6.80% of the stock is currently owned by company insiders.

Snowflake Price Performance

Shares of SNOW stock traded up $2.28 during trading hours on Thursday, hitting $214.84. 2,224,562 shares of the company's stock were exchanged, compared to its average volume of 5,130,916. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $226.60. The stock has a market cap of $71.73 billion, a price-to-earnings ratio of -51.03 and a beta of 1.22. The stock's 50-day moving average is $209.72 and its 200-day moving average is $180.04.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The firm's revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current 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.