Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,798 shares of the company's stock after purchasing an additional 23,845 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Snowflake worth $26,279,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Snowflake in the first quarter valued at approximately $26,000. CVA Family Office LLC raised its stake in shares of Snowflake by 80.0% in the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after buying an additional 88 shares in the last quarter. West Paces Advisors Inc. acquired a new stake in Snowflake during the fourth quarter valued at approximately $31,000. Spurstone Advisory Services LLC acquired a new position in shares of Snowflake in the 4th quarter worth $31,000. Finally, Capital A Wealth Management LLC acquired a new position in Snowflake in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 65.10% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on SNOW shares. UBS Group raised shares of Snowflake from a "neutral" rating to a "buy" rating and lifted their target price for the company from $210.00 to $265.00 in a research note on Wednesday, June 4th. Royal Bank Of Canada upped their price target on Snowflake from $236.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Hsbc Global Res downgraded Snowflake from a "hold" rating to a "strong sell" rating in a report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of Snowflake in a research report on Thursday, May 22nd. Finally, HSBC cut Snowflake from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and a consensus target price of $226.73.
Get Our Latest Stock Analysis on Snowflake
Insider Buying and Selling at Snowflake
In other Snowflake news, Director Frank Slootman sold 424,852 shares of the company's 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 sale, the director owned 165,507 shares in the company, valued at approximately $36,303,960.45. The trade was a 71.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Scarpelli sold 400,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $205.36, for a total value of $82,144,000.00. Following the completion of the sale, the chief financial officer directly owned 292,610 shares of the company's stock, valued at approximately $60,090,389.60. The trade was a 57.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,718,258 shares of company stock worth $589,762,906. 6.80% of the stock is currently owned by company insiders.
Snowflake Price Performance
NYSE:SNOW traded up $2.28 during mid-day trading on Thursday, reaching $214.84. The stock had a trading volume of 2,224,562 shares, compared to its average volume of 3,248,868. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $226.60. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $71.73 billion, a PE ratio of -51.03 and a beta of 1.22. The stock has a 50-day simple moving average of $210.36 and a two-hundred day simple moving average of $180.40.
Snowflake (NYSE:SNOW - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The business's revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, equities analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.
About Snowflake
(
Free Report)
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.
Recommended Stories

Before you consider Snowflake, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snowflake wasn't on the list.
While Snowflake currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.