Vickerman Investment Advisors Inc. Invests $487,000 in Snowflake Inc. (NYSE:SNOW)

Vickerman Investment Advisors Inc. purchased a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,331 shares of the company's stock, valued at approximately $487,000.

Other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Snowflake during the 1st quarter worth about $26,000. CVA Family Office LLC raised its holdings in Snowflake by 80.0% during the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after acquiring an additional 88 shares in the last quarter. West Paces Advisors Inc. bought a new stake in shares of Snowflake during the 4th quarter worth approximately $31,000. Spurstone Advisory Services LLC bought a new stake in Snowflake during the fourth quarter worth $31,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Snowflake in the 4th quarter valued at about $31,000. Institutional investors own 65.10% of the company's stock.

Snowflake Price Performance

NYSE:SNOW traded up $4.22 during mid-day trading on Monday, hitting $225.71. 4,050,673 shares of the company's stock were exchanged, compared to its average volume of 6,048,779. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $197.86 and a 200 day moving average price of $175.27. Snowflake Inc. has a one year low of $107.13 and a one year high of $225.83.

Snowflake (NYSE:SNOW - Get Free Report) last posted its 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 net margin of 36.43% and a negative return on equity of 37.75%. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business earned $0.14 EPS. The business's revenue for the quarter was up 25.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Cowen restated a "buy" rating on shares of Snowflake in a research note on Thursday, May 22nd. Jefferies Financial Group increased their price objective on shares of Snowflake from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Raymond James Financial reiterated an "outperform" rating and set a $212.00 target price (up previously from $196.00) on shares of Snowflake in a research note on Thursday, May 22nd. Hsbc Global Res lowered Snowflake from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Snowflake from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $225.36.

Insider Activity

In other news, Director Frank Slootman sold 294,125 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $217.29, for a total value of $63,910,421.25. Following the sale, the director directly owned 165,507 shares in the company, valued at $35,963,016.03. The trade was a 63.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Teresa Briggs sold 1,146 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $217.74, for a total transaction of $249,530.04. Following the transaction, the director owned 4,474 shares in the company, valued at $974,168.76. The trade was a 20.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,876,557 shares of company stock worth $403,565,119. 6.80% of the stock is currently owned by insiders.

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.