Congress Park Capital LLC Has $464,000 Stake in Snowflake Inc. (NYSE:SNOW)

Congress Park Capital LLC raised its stake in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 47.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,330 shares of the company’s stock after buying an additional 750 shares during the quarter. Congress Park Capital LLC’s holdings in Snowflake were worth $464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Snowflake by 822.2% in the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after buying an additional 148 shares in the last quarter. VitalStone Financial LLC boosted its holdings in shares of Snowflake by 616.0% in the second quarter. VitalStone Financial LLC now owns 179 shares of the company’s stock valued at $32,000 after buying an additional 154 shares during the period. Ulland Investment Advisors LLC boosted its holdings in shares of Snowflake by 270.0% in the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after buying an additional 135 shares during the period. Finally, Provence Wealth Management Group bought a new stake in shares of Snowflake during the third quarter worth $30,000. 65.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SNOW shares. Guggenheim raised shares of Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Bank of America reduced their price objective on Snowflake from $265.00 to $212.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Raymond James boosted their target price on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 price target on shares of Snowflake in a research report on Thursday, February 29th. Finally, HSBC reiterated a “reduce” rating on shares of Snowflake in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.50.

View Our Latest Stock Report on SNOW

Snowflake Trading Up 1.0 %

Shares of SNOW stock opened at $161.60 on Monday. The stock has a 50 day simple moving average of $194.80 and a 200 day simple moving average of $179.43. Snowflake Inc. has a 1 year low of $135.26 and a 1 year high of $237.72. The stock has a market cap of $53.21 billion, a P/E ratio of -63.37 and a beta of 0.91.

Snowflake (NYSE:SNOWGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The company had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Analysts forecast that Snowflake Inc. will post -1.92 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Grzegorz Czajkowski sold 683 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $110,249.86. Following the completion of the transaction, the executive vice president now directly owns 86,208 shares in the company, valued at approximately $13,915,695.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Snowflake news, EVP Grzegorz Czajkowski sold 683 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the sale, the executive vice president now owns 86,208 shares of the company’s stock, valued at approximately $13,915,695.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sridhar Ramaswamy acquired 31,542 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $158.52 per share, with a total value of $5,000,037.84. Following the completion of the transaction, the chief executive officer now owns 31,542 shares in the company, valued at $5,000,037.84. The disclosure for this purchase can be found here. Insiders have sold 184,355 shares of company stock worth $37,679,411 over the last ninety days. Corporate insiders own 8.30% of the company’s stock.

Snowflake Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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