Mather Group LLC. purchased a new position in Snowflake Inc. (NYSE:SNOW – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 280 shares of the company’s stock, valued at approximately $45,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Accent Capital Management LLC acquired a new position in shares of Snowflake in the 4th quarter valued at about $25,000. FinTrust Capital Advisors LLC lifted its stake in shares of Snowflake by 193.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. M&R Capital Management Inc. lifted its stake in shares of Snowflake by 100.0% in the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Snowflake by 34.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after purchasing an additional 52 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Snowflake by 320.0% in the 4th quarter. Quarry LP now owns 210 shares of the company’s stock valued at $42,000 after purchasing an additional 160 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Snowflake news, EVP Christian Kleinerman sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total transaction of $234,570.00. Following the completion of the transaction, the executive vice president now owns 774,097 shares in the company, valued at approximately $121,053,288.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Benoit Dageville sold 1,295 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $125.19, for a total transaction of $162,121.05. Following the completion of the transaction, the insider now owns 58,791 shares of the company’s stock, valued at $7,360,045.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $156.38, for a total value of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at approximately $121,053,288.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,147 shares of company stock worth $6,686,742. 7.80% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Snowflake
Snowflake Trading Down 2.3 %
Shares of SNOW stock opened at $124.82 on Tuesday. Snowflake Inc. has a 1 year low of $124.40 and a 1 year high of $237.72. The stock has a fifty day moving average of $147.15 and a two-hundred day moving average of $174.84.
Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. The business had revenue of $828.71 million for the quarter, compared to analyst estimates of $786.95 million. As a group, research analysts predict that Snowflake Inc. will post -2.27 earnings per share for the current 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.
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