25,037 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Duality Advisers LP

Duality Advisers LP purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,037 shares of the company’s stock, valued at approximately $3,863,000.

A number of other large investors also recently modified their holdings of the business. Verus Capital Partners LLC increased its holdings in shares of Snowflake by 1.7% during the first quarter. Verus Capital Partners LLC now owns 3,803 shares of the company’s stock valued at $587,000 after purchasing an additional 64 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Snowflake by 14.7% during the first quarter. Global Retirement Partners LLC now owns 600 shares of the company’s stock valued at $87,000 after purchasing an additional 77 shares during the period. Toroso Investments LLC increased its holdings in shares of Snowflake by 1.2% during the first quarter. Toroso Investments LLC now owns 6,928 shares of the company’s stock valued at $1,069,000 after purchasing an additional 85 shares during the period. Amalgamated Bank increased its holdings in shares of Snowflake by 0.3% during the fourth quarter. Amalgamated Bank now owns 34,484 shares of the company’s stock valued at $4,950,000 after purchasing an additional 89 shares during the period. Finally, Asset Management Advisors LLC increased its holdings in shares of Snowflake by 0.3% during the first quarter. Asset Management Advisors LLC now owns 30,136 shares of the company’s stock valued at $4,650,000 after purchasing an additional 90 shares during the period. 63.74% of the stock is owned by institutional investors and hedge funds.

Snowflake Trading Down 0.9 %

Shares of NYSE SNOW opened at $165.34 on Thursday. Snowflake Inc. has a one year low of $119.27 and a one year high of $203.62. The firm has a market capitalization of $53.88 billion, a PE ratio of -62.16 and a beta of 0.78. The business has a 50-day moving average price of $164.27 and a two-hundred day moving average price of $159.58.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.12. Snowflake had a negative return on equity of 14.07% and a negative net margin of 35.22%. The firm had revenue of $674.00 million during the quarter, compared to analyst estimates of $662.22 million. During the same period last year, the company posted ($0.67) EPS. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Research analysts anticipate that Snowflake Inc. will post -1.62 EPS for the current year.

Insider Transactions at Snowflake

In other news, Director Teresa Briggs sold 1,109 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $170.25, for a total transaction of $188,807.25. Following the completion of the sale, the director now directly owns 2,803 shares of the company’s stock, valued at approximately $477,210.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael L. Speiser sold 330,087 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $176.63, for a total transaction of $58,303,266.81. Following the completion of the sale, the director now directly owns 1,725,938 shares of the company’s stock, valued at approximately $304,852,428.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 1,109 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $170.25, for a total value of $188,807.25. Following the sale, the director now directly owns 2,803 shares of the company’s stock, valued at $477,210.75. The disclosure for this sale can be found here. Insiders sold 634,591 shares of company stock valued at $112,212,320 in the last three months. Corporate insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. William Blair assumed coverage on Snowflake in a report on Wednesday, June 28th. They set an “outperform” rating on the stock. Stifel Nicolaus lifted their target price on Snowflake from $180.00 to $200.00 in a report on Wednesday, June 28th. BNP Paribas raised Snowflake from an “underperform” rating to a “neutral” rating and set a $173.00 target price on the stock in a report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $215.00 target price on shares of Snowflake in a report on Friday, June 30th. Finally, Citigroup lifted their target price on Snowflake from $189.00 to $191.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.55.

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.