Venture Visionary Partners LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 51.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,795 shares of the company's stock after purchasing an additional 2,978 shares during the quarter. Venture Visionary Partners LLC's holdings in Snowflake were worth $1,285,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Snowflake during the 1st quarter worth about $26,000. CVA Family Office LLC boosted its position in Snowflake by 80.0% during the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after acquiring an additional 88 shares during the period. West Paces Advisors Inc. acquired a new stake in Snowflake during the 4th quarter worth about $31,000. Spurstone Advisory Services LLC acquired a new stake in Snowflake during the 4th quarter worth about $31,000. Finally, Capital A Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter worth about $31,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.
Snowflake Stock Up 1.0%
Shares of Snowflake stock opened at $194.6370 on Thursday. The firm has a market cap of $64.98 billion, a price-to-earnings ratio of -46.23 and a beta of 1.22. 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 $229.27. The stock has a 50-day simple moving average of $211.66 and a 200-day simple moving average of $184.80.
Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.01 billion. During the same period last year, the business earned $0.14 EPS. The firm's revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Frank Slootman sold 424,852 shares of the firm's stock in a transaction that occurred on 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 directly owned 165,507 shares of the company's stock, valued at approximately $36,303,960.45. This trade represents a 71.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Scarpelli sold 400,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 292,610 shares in the company, valued at $60,090,389.60. The trade was a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,009,642 shares of company stock worth $656,325,186 over the last three months. 6.80% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have commented on SNOW. BTIG Research restated a "buy" rating on shares of Snowflake in a research report on Thursday, May 22nd. Monness Crespi & Hardt raised their price objective on Snowflake from $230.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Jefferies Financial Group raised their price objective on Snowflake from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Cantor Fitzgerald raised their price objective on Snowflake from $183.00 to $242.00 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Macquarie lifted their price target on Snowflake from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $226.86.
View Our Latest Stock Report on SNOW
Snowflake Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access