Vanguard Personalized Indexing Management LLC Sells 235 Shares of Snowflake Inc. (NYSE:SNOW)

Vanguard Personalized Indexing Management LLC lowered its position in Snowflake Inc. (NYSE:SNOW) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,615 shares of the company’s stock after selling 235 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Snowflake were worth $1,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SNOW. Commerce Bank raised its position in Snowflake by 0.8% in the 4th quarter. Commerce Bank now owns 6,138 shares of the company’s stock valued at $1,221,000 after purchasing an additional 51 shares during the last quarter. Park Avenue Securities LLC lifted its position in Snowflake by 0.5% during the 1st quarter. Park Avenue Securities LLC now owns 13,484 shares of the company’s stock worth $2,179,000 after buying an additional 70 shares in the last quarter. Covestor Ltd grew its holdings in Snowflake by 25.0% during the 1st quarter. Covestor Ltd now owns 350 shares of the company’s stock worth $57,000 after acquiring an additional 70 shares during the last quarter. IAM Advisory LLC increased its position in Snowflake by 2.0% in the 1st quarter. IAM Advisory LLC now owns 3,711 shares of the company’s stock valued at $600,000 after acquiring an additional 74 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC raised its stake in shares of Snowflake by 2.6% in the first quarter. Joseph P. Lucia & Associates LLC now owns 2,958 shares of the company’s stock worth $478,000 after acquiring an additional 75 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $61,357.68. Following the transaction, the executive vice president now directly owns 759,473 shares in the company, valued at $83,511,651.08. The sale was disclosed in a filing with the SEC, which is available through this link. In other Snowflake news, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $61,357.68. Following the transaction, the executive vice president now owns 759,473 shares of the company’s stock, valued at $83,511,651.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Teresa Briggs sold 848 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 4,247 shares of the company’s stock, valued at $607,236.06. The disclosure for this sale can be found here. Insiders have sold a total of 517,203 shares of company stock worth $63,833,373 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the subject of several research analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $175.00 price objective on shares of Snowflake in a research report on Thursday, August 22nd. Macquarie decreased their price target on Snowflake from $205.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Needham & Company LLC dropped their price objective on Snowflake from $210.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. TD Cowen lowered their price target on shares of Snowflake from $230.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, Canaccord Genuity Group cut their price objective on shares of Snowflake from $215.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $176.03.

Snowflake Trading Down 3.3 %

Snowflake stock opened at $110.26 on Friday. The company has a fifty day simple moving average of $120.87 and a 200 day simple moving average of $139.56. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The company has a market cap of $36.96 billion, a P/E ratio of -39.38 and a beta of 0.83.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $868.80 million for the quarter, compared to analyst estimates of $851.72 million. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. Snowflake’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.52) earnings per share. On average, equities research analysts forecast that Snowflake Inc. will post -2.42 EPS for the current year.

Snowflake 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.