Shell Asset Management Co. Sells 190 Shares of Snowflake Inc. (NYSE:SNOW)

Shell Asset Management Co. decreased its position in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,454 shares of the company’s stock after selling 190 shares during the quarter. Shell Asset Management Co.’s holdings in Snowflake were worth $833,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNOW. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake 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 valued at $29,000 after purchasing an additional 100 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Snowflake by 822.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after purchasing an additional 148 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of Snowflake in the 2nd quarter valued at $840,000. VitalStone Financial LLC lifted its stake in shares of Snowflake by 616.0% in the 2nd quarter. VitalStone Financial LLC now owns 179 shares of the company’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Finally, Ulland Investment Advisors LLC lifted its stake in shares of Snowflake by 270.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 63.74% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW opened at $233.35 on Friday. The stock has a market capitalization of $76.84 billion, a price-to-earnings ratio of -87.07 and a beta of 0.97. The business has a 50-day moving average of $198.37 and a 200-day moving average of $172.20. Snowflake Inc. has a fifty-two week low of $128.56 and a fifty-two week high of $235.00.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings data on Wednesday, November 29th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $713.75 million. Snowflake had a negative return on equity of 14.46% and a negative net margin of 33.35%. Snowflake’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.60) EPS. On average, sell-side analysts expect that Snowflake Inc. will post -1.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SNOW. JMP Securities reissued a “market outperform” rating and issued a $212.00 price target on shares of Snowflake in a research note on Monday, January 22nd. Capital One Financial raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $195.00 price objective on the stock in a research note on Wednesday, November 8th. Piper Sandler raised their price objective on Snowflake from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Mizuho raised their price objective on Snowflake from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Finally, Oppenheimer raised their price objective on Snowflake from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $198.78.

Check Out Our Latest Stock Analysis on SNOW

Insider Activity

In related news, CEO Frank Slootman sold 8,326 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $169.70, for a total value of $1,412,922.20. Following the completion of the sale, the chief executive officer now directly owns 182,913 shares in the company, valued at approximately $31,040,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Frank Slootman sold 8,326 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $169.70, for a total value of $1,412,922.20. Following the completion of the sale, the chief executive officer now directly owns 182,913 shares in the company, valued at approximately $31,040,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Grzegorz Czajkowski sold 558 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $188.97, for a total transaction of $105,445.26. Following the completion of the sale, the senior vice president now owns 52,747 shares of the company’s stock, valued at $9,967,600.59. The disclosure for this sale can be found here. Insiders sold 630,172 shares of company stock worth $124,958,555 in the last quarter. Corporate insiders own 8.30% of the company’s stock.

About Snowflake

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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