Snowflake Inc. (NYSE:SNOW) Stock Holdings Increased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 449.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 720 shares of the company’s stock after purchasing an additional 589 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Snowflake were worth $83,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SNOW. Comerica Bank grew its position in Snowflake by 17.2% in the 1st quarter. Comerica Bank now owns 29,267 shares of the company’s stock valued at $4,729,000 after buying an additional 4,296 shares in the last quarter. Choreo LLC boosted its holdings in shares of Snowflake by 18.6% in the first quarter. Choreo LLC now owns 8,267 shares of the company’s stock valued at $1,336,000 after acquiring an additional 1,294 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Snowflake by 23.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 227,100 shares of the company’s stock valued at $37,484,000 after acquiring an additional 43,062 shares during the period. Cetera Investment Advisers raised its holdings in Snowflake by 201.5% during the first quarter. Cetera Investment Advisers now owns 63,688 shares of the company’s stock worth $10,292,000 after purchasing an additional 42,563 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Snowflake in the first quarter worth approximately $29,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

Snowflake stock opened at $113.60 on Thursday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The company’s fifty day moving average price is $116.35 and its two-hundred day moving average price is $132.52. The company has a market capitalization of $38.03 billion, a price-to-earnings ratio of -40.68 and a beta of 0.83.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. The business had revenue of $868.80 million for the quarter, compared to analyst estimates of $851.72 million. During the same quarter in the prior year, the firm posted ($0.52) EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America dropped their price objective on Snowflake from $200.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Evercore ISI cut their price target on shares of Snowflake from $225.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a research note on Wednesday, October 2nd. Barclays dropped their target price on shares of Snowflake from $191.00 to $146.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, UBS Group reduced their target price on shares of Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Insider Activity

In related news, EVP Christian Kleinerman sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $120.00, for a total value of $3,600,000.00. Following the transaction, the executive vice president now directly owns 721,755 shares in the company, valued at approximately $86,610,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Snowflake news, EVP Christian Kleinerman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00. Following the sale, the executive vice president now owns 721,755 shares of the company’s stock, valued at $86,610,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Benoit Dageville sold 287 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $111.41, for a total value of $31,974.67. Following the transaction, the insider now owns 53,250 shares of the company’s stock, valued at approximately $5,932,582.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,538 shares of company stock valued at $7,049,994 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

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.