Vise Technologies Inc. Takes $213,000 Position in Snowflake Inc. (NYSE:SNOW)

Vise Technologies Inc. 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 1,377 shares of the company's stock, valued at approximately $213,000.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the fourth quarter worth $29,000. West Paces Advisors Inc. bought a new position in Snowflake in the fourth quarter valued at about $31,000. Spurstone Advisory Services LLC bought a new position in Snowflake in the fourth quarter valued at about $31,000. Quadrant Capital Group LLC lifted its holdings in Snowflake by 74.6% in the fourth quarter. Quadrant Capital Group LLC now owns 213 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Finally, Colonial Trust Co SC bought a new position in shares of Snowflake in the fourth quarter worth about $33,000. Institutional investors own 65.10% of the company's stock.

Snowflake Trading Up 1.7%

NYSE:SNOW traded up $3.38 during midday trading on Friday, reaching $205.69. 7,073,445 shares of the stock traded hands, compared to its average volume of 6,465,452. 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 12 month low of $107.13 and a 12 month high of $209.80. The stock has a market capitalization of $68.67 billion, a P/E ratio of -60.68 and a beta of 1.11. The company has a fifty day moving average of $163.63 and a 200 day moving average of $166.35.

Snowflake (NYSE:SNOW - Get Free Report) last released 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 net margin of 33.02% and a negative return on equity of 24.23%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $0.14 EPS. Snowflake's revenue was up 25.8% compared to the same quarter last year. On average, research analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Robert W. Baird raised their price target on Snowflake from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on Snowflake from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Stifel Nicolaus boosted their price target on Snowflake from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Citigroup reaffirmed an "outperform" rating on shares of Snowflake in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $217.33.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total value of $2,576,250.00. Following the completion of the sale, the executive vice president now directly owns 594,975 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, CAO Emily Ho sold 5,027 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $199.06, for a total transaction of $1,000,674.62. Following the sale, the chief accounting officer now directly owns 40,608 shares of the company's stock, valued at approximately $8,083,428.48. The trade was a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 849,779 shares of company stock worth $158,838,193. Insiders own 7.80% of the company's stock.

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.