Annis Gardner Whiting Capital Advisors LLC Purchases 3,000 Shares of Snowflake Inc. $SNOW

Annis Gardner Whiting Capital Advisors LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 60,000.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,005 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Snowflake were worth $678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Snowflake by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 27,789,761 shares of the company’s stock worth $6,218,515,000 after acquiring an additional 595,553 shares in the last quarter. Jennison Associates LLC raised its position in Snowflake by 13.5% during the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after purchasing an additional 1,083,222 shares in the last quarter. State Street Corp lifted its stake in Snowflake by 1.4% during the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after purchasing an additional 94,293 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after purchasing an additional 652,485 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Snowflake by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock valued at $986,057,000 after purchasing an additional 133,059 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BTIG Research reissued a “buy” rating and set a $312.00 price target on shares of Snowflake in a report on Thursday, December 4th. Raymond James Financial set a $250.00 target price on Snowflake in a research report on Monday, December 15th. Oppenheimer reissued an “outperform” rating on shares of Snowflake in a report on Friday, November 21st. Wedbush restated an “outperform” rating and issued a $270.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Finally, Barclays reiterated an “equal weight” rating and set a $250.00 price objective (down from $290.00) on shares of Snowflake in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $275.58.

Snowflake Price Performance

Shares of SNOW opened at $216.14 on Thursday. The business has a 50-day moving average of $225.08 and a 200-day moving average of $228.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $73.96 billion, a price-to-earnings ratio of -53.50 and a beta of 1.14. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. As a group, equities research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Activity

In related news, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at $11,164,482.07. The trade was a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president directly owned 512,450 shares in the company, valued at $127,871,648.50. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 618,681 shares of company stock worth $137,427,145 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.