B. Metzler seel. Sohn & Co. Holding AG acquired a brand new stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) within the third quarter, in keeping with its most up-to-date 13F submitting with the SEC. The fund acquired 11,247 shares of the corporate’s inventory, valued at roughly $1,292,000.
A number of different giant buyers have additionally made adjustments to their positions within the enterprise. LRI Investments LLC raised its holdings in shares of Snowflake by 155.6% through the second quarter. LRI Investments LLC now owns 184 shares of the corporate’s inventory price $25,000 after buying a further 112 shares over the past quarter. Wellington Shields Capital Administration LLC bought a brand new place in shares of Snowflake through the 2nd quarter valued at about $27,000. V Sq. Quantitative Administration LLC acquired a brand new place in shares of Snowflake within the third quarter valued at about $30,000. Fortitude Household Workplace LLC bought a brand new stake in shares of Snowflake within the third quarter price about $34,000. Lastly, Opal Wealth Advisors LLC bought a brand new place in Snowflake through the second quarter valued at roughly $39,000. 65.10% of the inventory is owned by hedge funds and different institutional buyers.
Wall Avenue Analysts Forecast Progress
A number of analysis companies have commented on SNOW. Barclays upped their value goal on Snowflake from $142.00 to $172.00 and gave the inventory an “equal weight” ranking in a analysis report on Thursday. Stifel Nicolaus dropped their value goal on shares of Snowflake from $200.00 to $168.00 and set a “purchase” ranking on the inventory in a analysis report on Monday, August nineteenth. DA Davidson reissued a “purchase” ranking and set a $175.00 goal value on shares of Snowflake in a analysis be aware on Thursday, October third. Citigroup dropped their goal value on Snowflake from $200.00 to $183.00 and set a “purchase” ranking on the inventory in a analysis report on Monday, November 18th. Lastly, StockNews.com raised Snowflake from a “promote” ranking to a “maintain” ranking in a report on Wednesday. One equities analysis analyst has rated the inventory with a promote ranking, twelve have given a maintain ranking and twenty-six have issued a purchase ranking to the corporate’s inventory. In response to knowledge from MarketBeat.com, the corporate has a consensus ranking of “Average Purchase” and a mean goal value of $180.23.
View Our Newest Analysis Report on Snowflake
Snowflake Inventory Down 2.3 %
SNOW inventory opened at $167.48 on Friday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week excessive of $237.72. The inventory has a market cap of $56.14 billion, a price-to-earnings ratio of -54.73 and a beta of 0.83. The enterprise has a fifty day shifting common of $120.06 and a two-hundred day shifting common of $128.22.
Snowflake (NYSE:SNOW – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, August twenty first. The corporate reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The enterprise had income of $868.80 million for the quarter, in comparison with the consensus estimate of $851.72 million. Snowflake had a unfavourable web margin of 31.73% and a unfavourable return on fairness of 19.62%. The enterprise’s income was up 28.9% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency earned ($0.52) EPS. As a bunch, sell-side analysts anticipate that Snowflake Inc. will put up -2.41 EPS for the present 12 months.
Insiders Place Their Bets
In associated information, insider Benoit Dageville bought 1,946 shares of Snowflake inventory in a transaction that occurred on Tuesday, September seventeenth. The shares have been bought at a mean value of $114.39, for a complete worth of $222,602.94. Following the completion of the transaction, the insider now owns 53,820 shares within the firm, valued at $6,156,469.80. The commerce was a 3.49 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is offered via this hyperlink. Additionally, EVP Christian Kleinerman bought 15,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November sixth. The inventory was bought at a mean value of $120.77, for a complete transaction of $1,811,550.00. Following the transaction, the manager vp now owns 706,755 shares of the corporate’s inventory, valued at $85,354,801.35. This commerce represents a 2.08 % lower of their place. The disclosure for this sale could be discovered right here. Insiders have bought 59,538 shares of firm inventory price $7,061,544 over the past three months. Firm insiders personal 7.80% of the corporate’s inventory.
Snowflake Profile
Snowflake Inc gives a cloud-based knowledge platform for varied organizations in the US and internationally. Its platform affords Information Cloud, which allows prospects to consolidate knowledge right into a single supply of fact to drive significant enterprise insights, construct data-driven purposes, and share knowledge and knowledge merchandise, in addition to applies synthetic intelligence (AI) for fixing enterprise issues.
Learn Extra
Wish to see what different hedge funds are holding SNOW? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW – Free Report).
Obtain Information & Rankings for Snowflake Day by day – Enter your electronic mail handle under to obtain a concise day by day abstract of the newest information and analysts’ rankings for Snowflake and associated firms with MarketBeat.com’s FREE day by day electronic mail e-newsletter.
