Parametrica Management Ltd Reduces Holdings in Snowflake Inc. (NYSE:SNOW)

Parametrica Management Ltd lessened its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 50.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,935 shares of the company's stock after selling 4,949 shares during the period. Snowflake accounts for approximately 1.6% of Parametrica Management Ltd's holdings, making the stock its 21st biggest position. Parametrica Management Ltd's holdings in Snowflake were worth $982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ulland Investment Advisors LLC raised its position in shares of Snowflake by 270.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company's stock valued at $28,000 after buying an additional 135 shares in the last quarter. Provence Wealth Management Group purchased a new stake in shares of Snowflake during the 3rd quarter valued at about $30,000. M&R Capital Management Inc. raised its position in shares of Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company's stock valued at $40,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Snowflake by 34.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company's stock valued at $40,000 after buying an additional 52 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Snowflake by 54.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company's stock worth $31,000 after purchasing an additional 72 shares during the period. Institutional investors own 65.10% of the company's stock.

Insider Buying and Selling

In related news, insider Benoit Dageville sold 8,515 shares of the firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the completion of the transaction, the insider now owns 55,216 shares of the company's stock, valued at $8,627,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Snowflake news, SVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, February 5th. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the senior vice president now owns 736,567 shares of the company's stock, valued at $162,044,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Benoit Dageville sold 8,515 shares of Snowflake stock in a transaction on Monday, March 18th. The shares were sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the completion of the transaction, the insider now directly owns 55,216 shares of the company's stock, valued at approximately $8,627,500. The disclosure for this sale can be found here. Insiders sold a total of 168,209 shares of company stock valued at $34,291,592 over the last 90 days. Insiders own 8.30% of the company's stock.

Snowflake Trading Up 3.7 %

Shares of NYSE:SNOW traded up $5.63 on Friday, hitting $158.13. 6,533,260 shares of the company were exchanged, compared to its average volume of 4,341,603. Snowflake Inc. has a 1-year low of $138.40 and a 1-year high of $237.72. The stock's 50 day moving average price is $169.91 and its 200 day moving average price is $179.05. The firm has a market capitalization of $52.85 billion, a P/E ratio of -62.01 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on shares of Snowflake from $290.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Morgan Stanley reissued an "equal weight" rating and issued a $175.00 price objective (down from $230.00) on shares of Snowflake in a research report on Thursday, February 29th. KeyCorp initiated coverage on shares of Snowflake in a research report on Thursday, April 11th. They issued an "overweight" rating and a $185.00 price objective on the stock. Barclays reduced their price objective on shares of Snowflake from $198.00 to $188.00 and set an "equal weight" rating on the stock in a research report on Friday, March 1st. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $230.00 price objective on shares of Snowflake in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.00.

About Snowflake

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.