J.W. Cole Advisors Inc. Has $66,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

J.W. Cole Advisors Inc. lifted its holdings in shares of Snowflake Inc. (NYSE:SNOWGet Rating) by 3,589.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 26,637 shares of the company’s stock after buying an additional 25,915 shares during the period. J.W. Cole Advisors Inc.’s holdings in Snowflake were worth $66,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. American Trust boosted its stake in shares of Snowflake by 111.3% during the 1st quarter. American Trust now owns 7,373 shares of the company’s stock worth $1,689,000 after buying an additional 3,884 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Snowflake by 440.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 97,828 shares of the company’s stock valued at $22,416,000 after purchasing an additional 79,732 shares during the last quarter. Walleye Capital LLC lifted its stake in Snowflake by 30.2% in the 1st quarter. Walleye Capital LLC now owns 6,189 shares of the company’s stock valued at $1,418,000 after purchasing an additional 1,437 shares during the last quarter. EJF Capital LLC acquired a new stake in Snowflake in the 1st quarter valued at about $344,000. Finally, Garde Capital Inc. acquired a new stake in Snowflake in the 1st quarter valued at about $166,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SNOW. Robert W. Baird raised their target price on shares of Snowflake from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, August 25th. Cowen raised their target price on shares of Snowflake from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, August 25th. Jefferies Financial Group upgraded shares of Snowflake from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $200.00 in a research note on Tuesday, June 28th. UBS Group downgraded shares of Snowflake from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $165.00 to $175.00 in a research report on Tuesday, August 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Snowflake from $192.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.67.

Snowflake Stock Performance

NYSE SNOW opened at $171.79 on Friday. The firm’s fifty day moving average price is $167.56 and its two-hundred day moving average price is $167.86. The stock has a market cap of $54.97 billion, a PE ratio of -79.17 and a beta of 1.05. Snowflake Inc. has a fifty-two week low of $110.26 and a fifty-two week high of $405.00.

Snowflake (NYSE:SNOWGet Rating) last posted its earnings results on Wednesday, August 24th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.16). The company had revenue of $497.25 million for the quarter, compared to the consensus estimate of $466.03 million. Snowflake had a negative return on equity of 12.57% and a negative net margin of 41.25%. As a group, sell-side analysts predict that Snowflake Inc. will post -2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Snowflake news, insider Benoit Dageville sold 724 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $181.11, for a total transaction of $131,123.64. Following the sale, the insider now owns 15,512 shares of the company’s stock, valued at $2,809,378.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Frank Slootman sold 1,651 shares of Snowflake stock in a transaction on Friday, September 9th. The shares were sold at an average price of $181.11, for a total transaction of $299,012.61. Following the transaction, the chief executive officer now owns 135,781 shares in the company, valued at $24,591,296.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Benoit Dageville sold 724 shares of Snowflake stock in a transaction on Friday, September 9th. The stock was sold at an average price of $181.11, for a total transaction of $131,123.64. Following the transaction, the insider now owns 15,512 shares in the company, valued at approximately $2,809,378.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,823 shares of company stock valued at $859,968. 8.90% of the stock is currently owned by insiders.

Snowflake Company Profile

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.

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Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWGet Rating).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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