USS Investment Management Ltd Has $8.47 Million Position in Snowflake Inc. (NYSE:SNOW)

USS Investment Management Ltd decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,841 shares of the company's stock after selling 3,324 shares during the quarter. USS Investment Management Ltd's holdings in Snowflake were worth $8,473,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Prospect Financial Services LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $288,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Snowflake by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock valued at $104,028,000 after purchasing an additional 8,857 shares during the period. Bourgeon Capital Management LLC acquired a new position in Snowflake during the fourth quarter valued at approximately $5,851,000. Stephens Consulting LLC grew its holdings in Snowflake by 7,407.4% during the fourth quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock valued at $313,000 after purchasing an additional 2,000 shares during the period. Finally, Kirtland Hills Capital Management LLC grew its holdings in Snowflake by 40.1% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock valued at $2,458,000 after purchasing an additional 4,559 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the sale, the executive vice president now directly owns 594,975 shares of the company's stock, valued at approximately $102,186,956.25. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the company's stock in a transaction 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 directly owns 292,610 shares in the company, valued at $47,756,878.10. This trade represents a 50.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,963 shares of company stock valued at $58,204,058. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SNOW. Stifel Nicolaus boosted their price objective on shares of Snowflake from $210.00 to $220.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird boosted their price objective on shares of Snowflake from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday. BTIG Research restated a "buy" rating on shares of Snowflake in a report on Thursday. KeyCorp decreased their price objective on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Barclays restated an "overweight" rating and set a $219.00 price objective (up previously from $203.00) on shares of Snowflake in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $217.33.

Snowflake Stock Performance

NYSE SNOW traded down $3.19 on Friday, hitting $199.99. 11,901,781 shares of the stock were exchanged, compared to its average volume of 6,474,139. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The business's fifty day moving average is $159.20 and its 200 day moving average is $163.56. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $205.40. The company has a market capitalization of $66.02 billion, a PE ratio of -58.99 and a beta of 1.11.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company's quarterly revenue was up 25.8% compared to the same quarter last year. Research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

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.