Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Snowflake Inc. (NYSE:SNOW)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 155,953 shares of the company's stock, valued at approximately $24,081,000.

A number of other hedge funds also recently bought and sold shares of SNOW. Stonebridge Financial Group LLC purchased a new position in Snowflake in the 4th quarter worth approximately $29,000. West Paces Advisors Inc. purchased a new position in Snowflake in the 4th quarter worth approximately $31,000. Spurstone Advisory Services LLC purchased a new position in Snowflake in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Snowflake in the 4th quarter worth approximately $31,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $32,000. Institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Stifel Nicolaus boosted their target price on Snowflake from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Macquarie boosted their target price on Snowflake from $160.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Daiwa Capital Markets assumed coverage on Snowflake in a research note on Tuesday, April 1st. They set a "buy" rating and a $210.00 target price on the stock. Finally, Robert W. Baird boosted their target price on Snowflake from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and an average target price of $217.33.

Snowflake Stock Performance

Shares of NYSE:SNOW traded up $4.22 during midday trading on Monday, reaching $209.89. 4,467,103 shares of the company's stock traded hands, compared to its average volume of 6,427,074. The company has a market cap of $70.07 billion, a price-to-earnings ratio of -61.91 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a one year low of $107.13 and a one year high of $210.44. The stock has a 50 day moving average of $164.64 and a 200 day moving average of $167.45.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative return on equity of 24.23% and a negative net margin of 33.02%. The company's quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, equities research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, Director Jeremy Burton sold 20,789 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $200.00, for a total transaction of $4,157,800.00. Following the completion of the sale, the director now owns 7,428 shares in the company, valued at approximately $1,485,600. This represents a 73.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Scarpelli sold 400,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer now owns 292,610 shares of the company's stock, valued at approximately $60,090,389.60. This trade represents a 57.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,779 shares of company stock worth $158,838,193. 7.80% of the stock is owned by insiders.

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.