Snowflake Inc. (NYSE:SNOW) Shares Purchased by Evanson Asset Management LLC

Evanson Asset Management LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 12.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,214 shares of the company’s stock after acquiring an additional 250 shares during the period. Evanson Asset Management LLC’s holdings in Snowflake were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNOW. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 822.2% in the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after buying an additional 148 shares in the last quarter. BerganKDV Wealth Management LLC grew its stake in shares of Snowflake by 153.7% in the first quarter. BerganKDV Wealth Management LLC now owns 170 shares of the company’s stock valued at $26,000 after buying an additional 103 shares in the last quarter. M&R Capital Management Inc. grew its stake in shares of Snowflake by 100.0% in the first quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Snowflake by 1,264.7% during the first quarter. Manchester Capital Management LLC now owns 232 shares of the company’s stock worth $36,000 after purchasing an additional 215 shares in the last quarter. 63.74% of the stock is owned by institutional investors and hedge funds.

Snowflake Trading Down 0.3 %

Shares of NYSE SNOW opened at $162.41 on Friday. Snowflake Inc. has a twelve month low of $119.27 and a twelve month high of $193.94. The stock has a market cap of $53.55 billion, a P/E ratio of -61.06 and a beta of 0.78. The stock has a 50 day moving average of $163.92 and a two-hundred day moving average of $159.69.

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

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 330,087 shares of the company’s stock in a transaction that occurred on 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 SEC, which can be accessed through this hyperlink. In related news, SVP Christian Kleinerman sold 1,500 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $151.54, for a total transaction of $227,310.00. Following the completion of the transaction, the senior vice president now directly owns 764,397 shares of the company’s stock, valued at $115,836,721.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Speiser sold 330,087 shares of Snowflake stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $176.63, for a total value of $58,303,266.81. Following the completion of the sale, the director now owns 1,725,938 shares in the company, valued at $304,852,428.94. The disclosure for this sale can be found here. Insiders sold a total of 644,425 shares of company stock valued at $113,839,347 in the last ninety days. Insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the topic of several research reports. Oppenheimer reissued an “outperform” rating and set a $220.00 price target on shares of Snowflake in a research report on Thursday, August 24th. Scotiabank upgraded shares of Snowflake from a “sector perform” rating to a “sector outperform” rating and set a $213.00 price target for the company in a research note on Thursday, July 13th. Jefferies Financial Group boosted their price target on shares of Snowflake from $180.00 to $205.00 in a research note on Friday, June 30th. StockNews.com began coverage on Snowflake in a research report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Wedbush reaffirmed a “neutral” rating and issued a $144.00 price target on shares of Snowflake in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $190.85.

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.