Sender Co & Partners Inc. decreased its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 29.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,242 shares of the company’s stock after selling 1,793 shares during the quarter. Snowflake comprises approximately 0.7% of Sender Co & Partners Inc.’s portfolio, making the stock its 23rd biggest position. Sender Co & Partners Inc.’s holdings in Snowflake were worth $573,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new stake in shares of Snowflake in the 4th quarter worth about $25,000. LRI Investments LLC bought a new position in Snowflake in the first quarter worth about $29,000. FinTrust Capital Advisors LLC lifted its holdings in Snowflake by 193.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock worth $39,000 after buying an additional 128 shares during the period. Riverview Trust Co bought a new stake in Snowflake during the 1st quarter valued at approximately $31,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Snowflake during the 1st quarter worth approximately $32,000. Institutional investors own 65.10% of the company’s stock.
Insider Transactions at Snowflake
In related news, Director Teresa Briggs sold 848 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $142.98, for a total transaction of $121,247.04. Following the completion of the sale, the director now directly owns 4,247 shares in the company, valued at $607,236.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Snowflake news, insider Benoit Dageville sold 287 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the sale, the insider now owns 53,250 shares in the company, valued at $5,932,582.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Teresa Briggs sold 848 shares of Snowflake stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $142.98, for a total value of $121,247.04. Following the transaction, the director now directly owns 4,247 shares in the company, valued at $607,236.06. The disclosure for this sale can be found here. Insiders have sold 45,386 shares of company stock worth $5,715,941 in the last quarter. Company insiders own 7.80% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Snowflake
Snowflake Trading Down 0.2 %
Shares of SNOW opened at $112.43 on Friday. The firm has a market cap of $37.69 billion, a PE ratio of -40.15 and a beta of 0.83. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The firm has a fifty day simple moving average of $119.19 and a two-hundred day simple moving average of $138.07.
Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $868.80 million for the quarter, compared to the consensus estimate of $851.72 million. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. Snowflake’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.52) earnings per share. As a group, research analysts forecast that Snowflake Inc. will post -2.41 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Snowflake
- Airline Stocks – Top Airline Stocks to Buy Now
- What Intuitive Machines’ Big NASA Contract Means for Investors
- What Are Dividends? Buy the Best Dividend Stocks
- REITs on the Rise After Rate Cuts: Where to Invest Now
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Is Viking Therapeutics Ready For Another Surge?
Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW – Free Report).
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.