Snowflake Inc. $SNOW Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. boosted its position in Snowflake Inc. (NYSE:SNOW) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,556 shares of the company’s stock after purchasing an additional 1,018 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Snowflake were worth $5,047,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advantage Inc. lifted its holdings in shares of Snowflake by 1.1% in the second quarter. Capital Advantage Inc. now owns 4,412 shares of the company’s stock valued at $987,000 after buying an additional 48 shares during the period. Ignite Planners LLC lifted its holdings in Snowflake by 2.3% in the 1st quarter. Ignite Planners LLC now owns 2,861 shares of the company’s stock valued at $418,000 after acquiring an additional 64 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in Snowflake by 1.9% in the 1st quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company’s stock valued at $527,000 after acquiring an additional 68 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Snowflake by 8.9% in the 1st quarter. TD Private Client Wealth LLC now owns 832 shares of the company’s stock valued at $122,000 after acquiring an additional 68 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $235.42 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 1 year low of $111.15 and a 1 year high of $249.99. The business has a fifty day simple moving average of $215.94 and a 200 day simple moving average of $195.62. The firm has a market cap of $79.76 billion, a price-to-earnings ratio of -56.73 and a beta of 1.21.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $0.18 EPS. The business’s quarterly revenue was up 31.8% on a year-over-year basis. As a group, sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In other news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $223.22, for a total transaction of $2,634,219.22. Following the transaction, the senior vice president owned 241,854 shares in the company, valued at approximately $53,986,649.88. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $221.47, for a total transaction of $11,148,356.86. Following the transaction, the director owned 36,956 shares in the company, valued at $8,184,645.32. This represents a 57.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,601,630 shares of company stock worth $362,990,571 in the last ninety days. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of recent research reports. Stephens initiated coverage on Snowflake in a research report on Friday, July 18th. They set an “overweight” rating and a $261.00 price objective for the company. Robert W. Baird upped their price target on shares of Snowflake from $215.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Barclays upped their price target on shares of Snowflake from $219.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Needham & Company LLC increased their target price on Snowflake from $230.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Morgan Stanley increased their target price on Snowflake from $262.00 to $272.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.53.

About Snowflake

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.