Brighton Jones LLC Has $17.28 Million Position in Snowflake Inc. (NYSE:SNOW)

Brighton Jones LLC boosted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,852 shares of the company's stock after buying an additional 32,310 shares during the quarter. Snowflake makes up about 0.7% of Brighton Jones LLC's portfolio, making the stock its 21st biggest position. Brighton Jones LLC's holdings in Snowflake were worth $17,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in Snowflake by 6.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 53,359 shares of the company's stock worth $8,152,000 after buying an additional 3,124 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Snowflake by 0.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 58,400 shares of the company's stock valued at $8,922,000 after purchasing an additional 200 shares during the last quarter. Ulland Investment Advisors LLC grew its stake in Snowflake by 270.0% in the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company's stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its position in shares of Snowflake by 13.4% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 142,456 shares of the company's stock worth $21,763,000 after purchasing an additional 16,806 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Snowflake by 1.7% during the 3rd quarter. Xponance Inc. now owns 44,375 shares of the company's stock worth $6,779,000 after purchasing an additional 742 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Insider Transactions at Snowflake

In related news, CAO Emily Ho sold 1,500 shares of Snowflake stock in a transaction on Monday, March 18th. The shares were sold at an average price of $156.98, for a total transaction of $235,470.00. Following the completion of the transaction, the chief accounting officer now owns 28,393 shares of the company's stock, valued at $4,457,133.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Sridhar Ramaswamy acquired 31,542 shares of the company's stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of $158.52 per share, for a total transaction of $5,000,037.84. Following the completion of the acquisition, the chief executive officer now owns 31,542 shares of the company's stock, valued at $5,000,037.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Emily Ho sold 1,500 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the sale, the chief accounting officer now owns 28,393 shares of the company's stock, valued at $4,457,133.14. The disclosure for this sale can be found here. Insiders sold 168,209 shares of company stock worth $34,291,592 over the last ninety days. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SNOW. Rosenblatt Securities raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Friday, April 5th. JMP Securities lifted their target price on Snowflake from $212.00 to $235.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 29th. KeyCorp began coverage on Snowflake in a research note on Thursday, April 11th. They issued an "overweight" rating and a $185.00 price target on the stock. Truist Financial decreased their price objective on shares of Snowflake from $250.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Finally, Oppenheimer cut their target price on shares of Snowflake from $240.00 to $220.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.00.

Snowflake Stock Down 1.4 %

Shares of SNOW stock traded down $2.28 during mid-day trading on Tuesday, reaching $155.16. 4,011,604 shares of the stock traded hands, compared to its average volume of 6,482,611. The stock's fifty day simple moving average is $168.46 and its two-hundred day simple moving average is $179.14. Snowflake Inc. has a 1-year low of $138.40 and a 1-year high of $237.72. The company has a market cap of $51.85 billion, a price-to-earnings ratio of -61.80 and a beta of 0.91.

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

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.

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