3,250 Shares in Snowflake Inc. (NYSE:SNOW) Bought by DCF Advisers LLC

DCF Advisers LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 3,250 shares of the company’s stock, valued at approximately $439,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Snowflake by 1.4% during the first quarter. Vanguard Group Inc. now owns 21,286,148 shares of the company’s stock valued at $3,439,842,000 after buying an additional 297,428 shares during the period. Jennison Associates LLC grew its position in shares of Snowflake by 3.7% during the 1st quarter. Jennison Associates LLC now owns 7,008,464 shares of the company’s stock valued at $1,132,568,000 after acquiring an additional 249,249 shares during the period. Sands Capital Management LLC increased its stake in shares of Snowflake by 12.6% during the 4th quarter. Sands Capital Management LLC now owns 5,443,406 shares of the company’s stock worth $1,083,238,000 after purchasing an additional 610,970 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Snowflake by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 1,848,043 shares of the company’s stock worth $298,644,000 after purchasing an additional 11,677 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Snowflake by 51.8% in the fourth quarter. 1832 Asset Management L.P. now owns 1,680,700 shares of the company’s stock valued at $334,459,000 after purchasing an additional 573,400 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Up 2.9 %

Shares of SNOW stock opened at $114.00 on Friday. The business has a 50-day moving average price of $121.87 and a two-hundred day moving average price of $140.21. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The firm has a market cap of $38.21 billion, a P/E ratio of -40.71 and a beta of 0.83.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, topping 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 company had revenue of $868.80 million during the quarter, compared to the consensus estimate of $851.72 million. During the same quarter in the previous year, the company posted ($0.52) EPS. Snowflake’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, research analysts expect that Snowflake Inc. will post -2.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SNOW. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 target price on shares of Snowflake in a research report on Monday, July 1st. JMP Securities decreased their price objective on Snowflake from $235.00 to $190.00 and set a “market outperform” rating for the company in a report on Thursday, August 22nd. Needham & Company LLC dropped their price objective on shares of Snowflake from $210.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Mizuho cut their target price on shares of Snowflake from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Snowflake from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $176.03.

Insider Activity

In other news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total value of $61,357.68. Following the completion of the sale, the executive vice president now owns 759,473 shares of the company’s stock, valued at approximately $83,511,651.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Snowflake news, Director Teresa Briggs sold 848 shares of the stock in a transaction 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 owns 4,247 shares of the company’s stock, valued at approximately $607,236.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $61,357.68. Following the completion of the transaction, the executive vice president now owns 759,473 shares in the company, valued at approximately $83,511,651.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 517,203 shares of company stock valued at $63,833,373. Corporate insiders own 7.80% of the company’s stock.

Snowflake Company 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.