F M Investments LLC Buys New Stake in Snowflake Inc. (NYSE:SNOW)

F M Investments LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,881 shares of the company's stock, valued at approximately $1,767,000.

A number of other institutional investors have also modified their holdings of SNOW. International Assets Investment Management LLC grew its position in Snowflake by 22.8% during the third quarter. International Assets Investment Management LLC now owns 2,620 shares of the company's stock valued at $387,000 after buying an additional 486 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Snowflake in the 3rd quarter worth about $233,000. AE Wealth Management LLC boosted its position in Snowflake by 12.8% during the third quarter. AE Wealth Management LLC now owns 14,790 shares of the company's stock worth $2,259,000 after purchasing an additional 1,674 shares in the last quarter. HB Wealth Management LLC grew its holdings in Snowflake by 13.8% in the third quarter. HB Wealth Management LLC now owns 2,322 shares of the company's stock valued at $355,000 after purchasing an additional 281 shares during the period. Finally, RFG Advisory LLC increased its position in shares of Snowflake by 9.9% in the third quarter. RFG Advisory LLC now owns 2,035 shares of the company's stock valued at $311,000 after buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SNOW shares. HSBC reissued a "reduce" rating on shares of Snowflake in a research note on Thursday, February 29th. Wedbush boosted their target price on shares of Snowflake from $144.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. KeyCorp began coverage on shares of Snowflake in a research note on Thursday, April 11th. They issued an "overweight" rating and a $185.00 price target on the stock. Barclays cut their price objective on Snowflake from $198.00 to $188.00 and set an "equal weight" rating for the company in a research note on Friday, March 1st. Finally, StockNews.com downgraded Snowflake from a "hold" rating to a "sell" rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and a consensus price target of $202.00.

Snowflake Trading Up 2.7 %

NYSE:SNOW traded up $3.96 during mid-day trading on Tuesday, hitting $151.17. The stock had a trading volume of 4,737,873 shares, compared to its average volume of 6,595,415. Snowflake Inc. has a twelve month low of $135.26 and a twelve month high of $237.72. The stock has a 50-day simple moving average of $174.58 and a two-hundred day simple moving average of $179.32. The company has a market capitalization of $50.52 billion, a PE ratio of -59.28 and a beta of 0.91.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.49) by $0.05. The business had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. Sell-side analysts predict that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, CEO Sridhar Ramaswamy bought 31,542 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of $158.52 per share, for a total transaction of $5,000,037.84. Following the completion of the purchase, the chief executive officer now directly owns 31,542 shares in the company, valued at $5,000,037.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Sridhar Ramaswamy purchased 31,542 shares of the business's stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of $158.52 per share, for a total transaction of $5,000,037.84. Following the purchase, the chief executive officer now directly owns 31,542 shares of the company's stock, valued at $5,000,037.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the senior vice president now directly owns 746,567 shares of the company's stock, valued at $156,779,070. The disclosure for this sale can be found here. Insiders have sold a total of 178,209 shares of company stock worth $36,391,592 over the last ninety days. Corporate insiders own 8.30% of the company's stock.

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.

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