347 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Waldron Private Wealth LLC

Waldron Private Wealth LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 347 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Snowflake by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 21,286,148 shares of the company’s stock worth $3,439,842,000 after purchasing an additional 297,428 shares during the last quarter. Jennison Associates LLC raised its holdings in Snowflake by 3.7% in the first quarter. Jennison Associates LLC now owns 7,008,464 shares of the company’s stock worth $1,132,568,000 after buying an additional 249,249 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Snowflake by 11.5% in the second quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock worth $293,838,000 after buying an additional 223,936 shares in the last quarter. Swedbank AB purchased a new stake in shares of Snowflake during the first quarter valued at approximately $258,957,000. Finally, Bank of New York Mellon Corp increased its position in shares of Snowflake by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 1,599,983 shares of the company’s stock valued at $216,142,000 after acquiring an additional 8,743 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $120.00, for a total transaction of $3,600,000.00. Following the completion of the transaction, the executive vice president now owns 721,755 shares in the company, valued at $86,610,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Christian Kleinerman sold 30,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $120.00, for a total transaction of $3,600,000.00. Following the sale, the executive vice president now owns 721,755 shares of the company’s stock, valued at $86,610,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Benoit Dageville sold 287 shares of Snowflake stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $111.41, for a total transaction of $31,974.67. Following the completion of the transaction, the insider now directly owns 53,250 shares of the company’s stock, valued at $5,932,582.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,538 shares of company stock worth $7,049,994. Corporate insiders own 7.80% of the company’s stock.

Snowflake Price Performance

Snowflake stock opened at $113.60 on Thursday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The firm’s 50 day moving average price is $116.35 and its 200-day moving average price is $132.52. The stock has a market cap of $38.03 billion, a P/E ratio of -40.57 and a beta of 0.83.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results 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. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The company had revenue of $868.80 million for the quarter, compared to the consensus estimate of $851.72 million. During the same period in the previous year, the firm posted ($0.52) EPS. Snowflake’s revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, equities analysts expect that Snowflake Inc. will post -2.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNOW shares. Argus assumed coverage on Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating on the stock. Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 23rd. Stifel Nicolaus reduced their price objective on Snowflake from $200.00 to $168.00 and set a “buy” rating for the company in a report on Monday, August 19th. Piper Sandler restated an “overweight” rating and set a $165.00 target price on shares of Snowflake in a research note on Thursday, August 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 price target on shares of Snowflake in a research note on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.74.

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.