Sender Co & Partners Inc. Trims Position in Snowflake Inc. (NYSE:SNOW)

Sender Co & Partners Inc. decreased its holdings in Snowflake Inc. (NYSE:SNOW) 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

SNOW has been the subject of a number of research analyst reports. Scotiabank lowered their target price on Snowflake from $195.00 to $165.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley reissued an “equal weight” rating and set a $175.00 price objective on shares of Snowflake in a research report on Thursday, August 22nd. Loop Capital reduced their target price on shares of Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Canaccord Genuity Group lowered their price target on shares of Snowflake from $215.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, DA Davidson dropped their price objective on shares of Snowflake from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.17.

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) 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.