Snowflake Inc. $SNOW Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. trimmed its position in Snowflake Inc. (NYSE:SNOW) by 22.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,189 shares of the company’s stock after selling 69,405 shares during the period. Nicholas Company Inc.’s holdings in Snowflake were worth $53,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SNOW. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake in the third quarter worth about $25,000. GoalVest Advisory LLC grew its stake in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Snowflake in the third quarter worth about $34,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Emily Ho sold 2,141 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $173.97, for a total value of $372,469.77. Following the completion of the sale, the chief accounting officer directly owned 44,553 shares of the company’s stock, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the completion of the sale, the executive vice president directly owned 533,494 shares of the company’s stock, valued at $90,699,314.94. This represents a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 384,313 shares of company stock worth $64,308,373 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Snowflake Trading Down 0.1%

Snowflake stock opened at $152.24 on Monday. The firm has a 50 day moving average of $157.00 and a 200 day moving average of $200.44. The firm has a market capitalization of $52.63 billion, a price-to-earnings ratio of -38.54 and a beta of 1.08. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. As a group, research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Evercore set a $200.00 price target on Snowflake in a research note on Tuesday, April 14th. Morgan Stanley cut their target price on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Truist Financial set a $125.00 target price on shares of Snowflake in a report on Wednesday, April 15th. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.