Benjamin F. Edwards & Company Inc. Buys 1,277 Shares of Snowflake Inc. (NYSE:SNOW)

Benjamin F. Edwards & Company Inc. increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 142.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,171 shares of the company’s stock after acquiring an additional 1,277 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Snowflake were worth $432,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNOW. Provence Wealth Management Group acquired a new position in shares of Snowflake during the 3rd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Snowflake by 54.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Snowflake by 89.0% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock worth $31,000 after purchasing an additional 97 shares in the last quarter. M&R Capital Management Inc. raised its stake in shares of Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Snowflake by 34.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after purchasing an additional 52 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

SNOW stock opened at $157.72 on Thursday. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72. The stock has a market cap of $52.71 billion, a price-to-earnings ratio of -61.85 and a beta of 0.90. The company has a 50 day simple moving average of $160.35 and a 200 day simple moving average of $179.27.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $759.86 million. On average, equities research analysts anticipate that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In other news, SVP Christian Kleinerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $230.00, for a total transaction of $345,000.00. Following the sale, the senior vice president now directly owns 725,067 shares in the company, valued at $166,765,410. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $230.00, for a total transaction of $345,000.00. Following the sale, the senior vice president now directly owns 725,067 shares in the company, valued at approximately $166,765,410. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Benoit Dageville sold 8,515 shares of Snowflake stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the sale, the insider now owns 55,216 shares in the company, valued at $8,627,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,380 shares of company stock worth $12,206,900. 8.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SNOW shares. Wedbush upped their price objective on Snowflake from $144.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Evercore ISI dropped their price objective on Snowflake from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. UBS Group upped their price objective on Snowflake from $185.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Macquarie raised Snowflake from a “neutral” rating to an “outperform” rating and raised their price target for the company from $182.00 to $205.00 in a report on Thursday, February 29th. Finally, Guggenheim upgraded shares of Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.77.

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.