14,000 Shares in Snowflake Inc. (NYSE:SNOW) Bought by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd bought a new position in shares of Snowflake Inc. (NYSE:SNOW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,000 shares of the company’s stock, valued at approximately $1,891,000. Snowflake makes up about 2.6% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNOW. Dimensional Fund Advisors LP grew its stake in Snowflake by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 199,474 shares of the company’s stock worth $39,697,000 after purchasing an additional 10,575 shares in the last quarter. Principal Financial Group Inc. grew its stake in Snowflake by 17.5% during the 4th quarter. Principal Financial Group Inc. now owns 97,788 shares of the company’s stock worth $19,460,000 after purchasing an additional 14,542 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Snowflake by 26.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 33,529 shares of the company’s stock worth $6,672,000 after purchasing an additional 7,033 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Snowflake by 67.5% during the 4th quarter. Quadrant Capital Group LLC now owns 355 shares of the company’s stock worth $71,000 after purchasing an additional 143 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Snowflake during the 4th quarter worth $269,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other Snowflake news, insider Benoit Dageville sold 1,295 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $125.19, for a total transaction of $162,121.05. Following the sale, the insider now owns 58,791 shares in the company, valued at approximately $7,360,045.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Snowflake news, insider Benoit Dageville sold 1,295 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $125.19, for a total transaction of $162,121.05. Following the sale, the insider now owns 58,791 shares in the company, valued at approximately $7,360,045.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Teresa Briggs sold 848 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $142.98, for a total value of $121,247.04. Following the sale, the director now owns 4,247 shares in the company, valued at approximately $607,236.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 512,262 shares of company stock worth $63,340,261. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on Snowflake from $225.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Barclays decreased their price target on Snowflake from $191.00 to $146.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. UBS Group reduced their target price on Snowflake from $171.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Needham & Company LLC reduced their target price on Snowflake from $210.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 target price on shares of Snowflake in a report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.03.

Snowflake Price Performance

SNOW opened at $111.62 on Wednesday. The stock has a market cap of $37.42 billion, a P/E ratio of -39.86 and a beta of 0.83. The stock’s 50 day simple moving average is $122.40 and its 200 day simple moving average is $140.42. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $868.80 million for the quarter, compared to analysts’ expectations of $851.72 million. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. The company’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.52) EPS. Research analysts expect that Snowflake Inc. will post -2.42 EPS for the current fiscal year.

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.