Snowflake Inc. (NYSE:SNOW) Stock Holdings Raised by Carroll Investors Inc

Carroll Investors Inc boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,683 shares of the company’s stock after purchasing an additional 1,186 shares during the quarter. Snowflake comprises about 8.8% of Carroll Investors Inc’s investment portfolio, making the stock its 5th largest position. Carroll Investors Inc’s holdings in Snowflake were worth $11,740,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNOW. Accent Capital Management LLC bought a new position in Snowflake during the fourth quarter valued at $25,000. LRI Investments LLC bought a new position in Snowflake during the first quarter valued at $29,000. FinTrust Capital Advisors LLC increased its position in Snowflake by 193.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Riverview Trust Co bought a new position in Snowflake during the first quarter valued at $31,000. Finally, Hartford Financial Management Inc. bought a new position in Snowflake during the first quarter valued at $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 6,500 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $158.36, for a total value of $1,029,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 36,076 shares of the company’s stock, valued at approximately $5,712,995.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Emily Ho sold 6,500 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $158.36, for a total value of $1,029,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 36,076 shares of the company’s stock, valued at approximately $5,712,995.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $156.56, for a total transaction of $2,001,149.92. Following the completion of the transaction, the executive now directly owns 354,954 shares of the company’s stock, valued at $55,571,598.24. The disclosure for this sale can be found here. Insiders sold 533,460 shares of company stock valued at $66,963,450 in the last three months. 7.80% of the stock is owned by insiders.

Snowflake Price Performance

Shares of SNOW stock traded down $0.59 during mid-day trading on Friday, hitting $129.00. 3,377,909 shares of the stock traded hands, compared to its average volume of 5,308,795. The stock has a market cap of $43.19 billion, a P/E ratio of -46.07 and a beta of 0.85. The stock’s fifty day moving average is $136.95 and its two-hundred day moving average is $164.63. Snowflake Inc. has a 52-week low of $122.60 and a 52-week high of $237.72.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.40). The firm had revenue of $828.71 million for the quarter, compared to analysts’ expectations of $786.95 million. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. As a group, equities analysts forecast that Snowflake Inc. will post -2.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wedbush restated a “neutral” rating and issued a $210.00 price target on shares of Snowflake in a report on Wednesday, June 5th. Robert W. Baird cut their price target on shares of Snowflake from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Loop Capital cut their price target on shares of Snowflake from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of Snowflake in a report on Thursday, June 6th. Finally, Canaccord Genuity Group cut their price target on shares of Snowflake from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.31.

Snowflake 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.