Sender Co & Partners Inc. Sells 1,793 Shares of Snowflake Inc. (NYSE:SNOW)

Sender Co & Partners Inc. lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 29.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,242 shares of the company’s stock after selling 1,793 shares during the quarter. Snowflake makes up approximately 0.7% of Sender Co & Partners Inc.’s portfolio, making the stock its 23rd largest holding. 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 position in shares of Snowflake during the 4th quarter valued at $25,000. LRI Investments LLC purchased a new stake in Snowflake during the first quarter valued at about $29,000. FinTrust Capital Advisors LLC boosted its position in Snowflake by 193.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares during the period. Riverview Trust Co purchased a new position in shares of Snowflake in the first quarter worth about $31,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Snowflake in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity

In other news, Director Teresa Briggs sold 848 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $142.98, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Teresa Briggs sold 848 shares of Snowflake stock in a transaction on 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 of the company’s stock, valued at $607,236.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 1,606 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $176,595.76. Following the sale, the director now directly owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,386 shares of company stock valued at $5,715,941. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNOW has been the subject of several analyst reports. Royal Bank of Canada cut their price objective on shares of Snowflake from $226.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Evercore ISI cut their price target on Snowflake from $225.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, August 19th. TD Cowen decreased their price objective on Snowflake from $230.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a report on Friday, August 23rd. Finally, UBS Group reduced their target price on Snowflake from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.17.

Snowflake Price Performance

Shares of NYSE SNOW opened at $112.43 on Friday. The stock has a market capitalization of $37.69 billion, a P/E ratio of -40.15 and a beta of 0.83. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The firm’s 50 day simple moving average is $119.19 and its two-hundred day simple moving average is $138.07.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $868.80 million during the quarter, compared to analysts’ expectations of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The firm’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) EPS. As a group, equities analysts expect that Snowflake Inc. will post -2.41 earnings per share for the current fiscal year.

About Snowflake

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.