Yeomans Consulting Group Inc. Makes New Investment in Snowflake Inc. $SNOW

Key Points

• Yeomans Consulting Group Inc. acquired 1,384 shares of Snowflake Inc. ($SNOW), valued at approximately $299,000, in the second quarter.
• Insider trading activity included CAO Emily Ho selling 1,658 shares for about $373,464.50, indicating a 4.96% decrease in her ownership.
• Snowflake reported a revenue increase of 31.8% year-over-year in its latest quarterly earnings, with an EPS of $0.35, surpassing estimates.

Yeomans Consulting Group Inc. acquired a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,384 shares of the company's stock, valued at approximately $299,000.

A number of other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock worth $9,556,000 after buying an additional 29,320 shares during the period. Versant Capital Management Inc grew its stake in shares of Snowflake by 134.3% during the first quarter. Versant Capital Management Inc now owns 403 shares of the company's stock valued at $59,000 after acquiring an additional 231 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Snowflake by 29,543.2% during the first quarter. GAMMA Investing LLC now owns 115,905 shares of the company's stock valued at $16,941,000 after acquiring an additional 115,514 shares in the last quarter. NBC Securities Inc. increased its position in shares of Snowflake by 124,333.3% during the first quarter. NBC Securities Inc. now owns 3,733 shares of the company's stock worth $545,000 after acquiring an additional 3,730 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in shares of Snowflake by 464.7% in the first quarter. Merit Financial Group LLC now owns 18,019 shares of the company's stock worth $2,634,000 after acquiring an additional 14,828 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling

In other news, CAO Emily Ho sold 1,658 shares of Snowflake stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $225.25, for a total transaction of $373,464.50. Following the sale, the chief accounting officer owned 31,745 shares of the company's stock, valued at approximately $7,150,561.25. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $224.84, for a total value of $90,610.52. Following the transaction, the director owned 25,733 shares of the company's stock, valued at approximately $5,785,807.72. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,601,630 shares of company stock valued at $362,990,571 in the last ninety days. Insiders own 6.80% of the company's stock.

Snowflake Price Performance

Shares of SNOW opened at $240.51 on Friday. Snowflake Inc. has a 12 month low of $108.71 and a 12 month high of $249.99. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a fifty day moving average price of $215.62 and a 200 day moving average price of $195.06. The company has a market cap of $81.48 billion, a P/E ratio of -57.95 and a beta of 1.21.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. Snowflake had a negative net margin of 33.53% and a negative return on equity of 42.98%. The company's quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SNOW. Cowen restated a "buy" rating on shares of Snowflake in a research note on Thursday, August 28th. Cantor Fitzgerald increased their target price on Snowflake from $242.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Snowflake from $215.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Macquarie upped their price target on shares of Snowflake from $210.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, CICC Research started coverage on shares of Snowflake in a report on Friday, June 20th. They set an "outperform" rating and a $225.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $255.53.

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.

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