Diversified Trust Co Has $417,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Diversified Trust Co cut its stake in Snowflake Inc. (NYSE:SNOW) by 23.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,581 shares of the company’s stock after selling 800 shares during the period. Diversified Trust Co’s holdings in Snowflake were worth $417,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Aviance Capital Partners LLC acquired a new stake in shares of Snowflake during the first quarter worth approximately $1,050,000. EDBI Pte Ltd raised its position in Snowflake by 2.6% in the 1st quarter. EDBI Pte Ltd now owns 145,009 shares of the company’s stock valued at $23,433,000 after purchasing an additional 3,624 shares during the last quarter. Roberts Wealth Advisors LLC acquired a new position in Snowflake in the first quarter worth $380,000. Breakwater Capital Group grew its holdings in shares of Snowflake by 21.0% during the first quarter. Breakwater Capital Group now owns 2,154 shares of the company’s stock worth $348,000 after purchasing an additional 374 shares during the last quarter. Finally, Brown Miller Wealth Management LLC grew its holdings in shares of Snowflake by 14.5% during the first quarter. Brown Miller Wealth Management LLC now owns 5,622 shares of the company’s stock worth $908,000 after purchasing an additional 714 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Performance

NYSE SNOW opened at $142.86 on Friday. Snowflake Inc. has a 52-week low of $122.60 and a 52-week high of $237.72. The business has a 50 day simple moving average of $145.02 and a 200 day simple moving average of $171.84. The stock has a market cap of $47.83 billion, a price-to-earnings ratio of -51.02 and a beta of 0.85.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). The company had revenue of $828.71 million for the quarter, compared to analyst estimates of $786.95 million. Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. On average, analysts predict that Snowflake Inc. will post -2.28 EPS for the current year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on Snowflake from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, May 23rd. KeyCorp boosted their target price on shares of Snowflake from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Snowflake in a research note on Wednesday, June 5th. Redburn Atlantic restated a “sell” rating and issued a $125.00 price objective (down previously from $180.00) on shares of Snowflake in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. upped their price objective on Snowflake from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $199.46.

Insider Buying and Selling at Snowflake

In other news, Director Michael L. Speiser acquired 76,200 shares of Snowflake stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $131.09 per share, with a total value of $9,989,058.00. Following the completion of the transaction, the director now directly owns 1,632,225 shares of the company’s stock, valued at $213,968,375.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Snowflake news, insider Benoit Dageville sold 558 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $128.31, for a total transaction of $71,596.98. Following the sale, the insider now directly owns 63,222 shares of the company’s stock, valued at approximately $8,112,014.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Speiser acquired 76,200 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $131.09 per share, with a total value of $9,989,058.00. Following the acquisition, the director now directly owns 1,632,225 shares in the company, valued at $213,968,375.25. The disclosure for this purchase can be found here. Insiders have sold 519,112 shares of company stock valued at $64,932,073 in the last 90 days. 7.80% of the stock is currently owned by company insiders.

Snowflake Company 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.