Blair William & Co. IL Buys 889 Shares of Snowflake Inc. (NYSE:SNOW)

Blair William & Co. IL lifted its position in Snowflake Inc. (NYSE:SNOW) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,095 shares of the company’s stock after acquiring an additional 889 shares during the quarter. Blair William & Co. IL’s holdings in Snowflake were worth $5,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SNOW. Dimensional Fund Advisors LP increased its position in shares of Snowflake by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 199,474 shares of the company’s stock valued at $39,697,000 after acquiring an additional 10,575 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Snowflake by 67.5% during the 4th quarter. Quadrant Capital Group LLC now owns 355 shares of the company’s stock worth $71,000 after purchasing an additional 143 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Snowflake by 26.0% in the 4th quarter. Brown Advisory Inc. now owns 3,312 shares of the company’s stock worth $659,000 after buying an additional 684 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Snowflake by 20.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,587 shares of the company’s stock valued at $5,092,000 after buying an additional 4,428 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Snowflake by 23.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,652 shares of the company’s stock worth $329,000 after buying an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $110.27 on Friday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of -39.38 and a beta of 0.83. The company’s fifty day moving average price is $120.87 and its 200-day moving average price is $139.36.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Snowflake in a research note on Monday, July 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of Snowflake in a research note on Monday, August 19th. Morgan Stanley reissued an “equal weight” rating and issued a $175.00 target price on shares of Snowflake in a research report on Thursday, August 22nd. Barclays dropped their price target on Snowflake from $191.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, Canaccord Genuity Group decreased their price objective on Snowflake from $215.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $176.03.

Insider Activity

In related news, CAO Emily Ho sold 3,845 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $130.39, for a total value of $501,349.55. Following the completion of the sale, the chief accounting officer now owns 30,613 shares in the company, valued at approximately $3,991,629.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Emily Ho sold 3,845 shares of Snowflake stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $130.39, for a total value of $501,349.55. Following the transaction, the chief accounting officer now owns 30,613 shares in the company, valued at approximately $3,991,629.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Grzegorz Czajkowski sold 469,120 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $123.09, for a total transaction of $57,743,980.80. Following the completion of the sale, the executive vice president now directly owns 494,942 shares of the company’s stock, valued at $60,922,410.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 517,203 shares of company stock worth $63,833,373. 7.80% of the stock is currently owned by insiders.

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.