Snowflake Inc. (NYSE:SNOW) Shares Sold by Toroso Investments LLC

Toroso Investments LLC cut its holdings in shares of Snowflake Inc. (NYSE:SNOW – Get Rating) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,644 shares of the company’s stock after selling 709 shares during the quarter. Toroso Investments LLC’s holdings in Snowflake were worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. raised its stake in Snowflake by 41.4% during the third quarter. Ronald Blue Trust Inc. now owns 198 shares of the company’s stock worth $28,000 after purchasing an additional 58 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Snowflake by 333.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Castleview Partners LLC purchased a new position in Snowflake during the second quarter worth about $32,000. Janiczek Wealth Management LLC raised its stake in Snowflake by 617.9% during the third quarter. Janiczek Wealth Management LLC now owns 201 shares of the company’s stock worth $32,000 after purchasing an additional 173 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in Snowflake by 5,000.0% during the third quarter. GHP Investment Advisors Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In other news, Director John Dennis Mcmahon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $142.65, for a total transaction of $142,650.00. Following the completion of the sale, the director now owns 154,902 shares in the company, valued at $22,096,770.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Dennis Mcmahon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $142.65, for a total transaction of $142,650.00. Following the completion of the sale, the director now owns 154,902 shares in the company, valued at $22,096,770.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Slootman sold 1,701 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $141.38, for a total value of $240,487.38. Following the sale, the chief executive officer now owns 130,241 shares of the company’s stock, valued at approximately $18,413,472.58. The disclosure for this sale can be found here. Insiders sold 128,965 shares of company stock worth $17,849,213 over the last 90 days. 8.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNOW has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Snowflake from $175.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, December 1st. Needham & Company LLC lifted their price target on shares of Snowflake from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Guggenheim dropped their price target on shares of Snowflake to $105.00 in a research report on Friday, December 2nd. Wells Fargo & Company initiated coverage on shares of Snowflake in a research report on Friday, January 6th. They set an “overweight” rating and a $170.00 price target for the company. Finally, Rosenblatt Securities dropped their price target on shares of Snowflake from $200.00 to $188.00 in a research report on Friday, March 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.75.

Snowflake Stock Performance

Snowflake stock opened at $135.62 on Friday. Snowflake Inc. has a fifty-two week low of $110.26 and a fifty-two week high of $246.52. The company has a market capitalization of $43.62 billion, a P/E ratio of -54.25 and a beta of 0.75. The stock has a 50-day simple moving average of $149.60 and a 200-day simple moving average of $154.88.

Snowflake (NYSE:SNOW – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.12). Snowflake had a negative net margin of 38.57% and a negative return on equity of 13.89%. The company had revenue of $589.01 million during the quarter, compared to analyst estimates of $571.57 million. As a group, analysts forecast that Snowflake Inc. will post -1.63 earnings per share for the current year.

Snowflake Company Profile

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.