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

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

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Snowflake during the 1st quarter worth about $26,000. CVA Family Office LLC grew its stake in Snowflake by 80.0% in the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after acquiring an additional 88 shares during the period. West Paces Advisors Inc. bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $31,000. Spurstone Advisory Services LLC acquired a new position in shares of Snowflake during the fourth quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Snowflake in the 4th quarter worth $31,000. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Performance

Shares of SNOW traded up $3.79 during trading hours on Friday, hitting $221.13. The company's stock had a trading volume of 2,761,777 shares, compared to its average volume of 6,056,513. The business has a 50 day simple moving average of $197.86 and a two-hundred day simple moving average of $175.19. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $225.68. 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 company has a market cap of $73.83 billion, a price-to-earnings ratio of -52.52 and a beta of 1.22.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $0.14 EPS. Snowflake's revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 424,852 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $219.35, for a total transaction of $93,191,286.20. Following the sale, the director directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $211.35, for a total value of $10,638,936.30. Following the completion of the transaction, the director owned 37,796 shares of the company's stock, valued at approximately $7,988,184.60. This represents a 57.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,876,557 shares of company stock valued at $403,565,119. 6.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of several research reports. Loop Capital upped their price objective on shares of Snowflake from $220.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. BTIG Research reissued a "buy" rating on shares of Snowflake in a report on Thursday, May 22nd. Daiwa Capital Markets began coverage on Snowflake in a report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price target for the company. Cantor Fitzgerald increased their price target on Snowflake from $183.00 to $242.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of Snowflake from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $225.36.

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.