Allspring World Investments Holdings LLC diminished its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 73.5% throughout the second quarter, in keeping with its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 457 shares of the corporate’s inventory after promoting 1,268 shares throughout the interval. Allspring World Investments Holdings LLC’s holdings in Snowflake had been price $62,000 on the finish of the newest reporting interval.
Different massive traders have additionally purchased and bought shares of the corporate. Norges Financial institution bought a brand new place in shares of Snowflake throughout the fourth quarter valued at roughly $838,455,000. Swedbank AB bought a brand new place in shares of Snowflake throughout the first quarter valued at roughly $258,957,000. Vanguard Group Inc. elevated its stake in shares of Snowflake by 8.0% throughout the fourth quarter. Vanguard Group Inc. now owns 20,988,720 shares of the corporate’s inventory valued at $4,176,755,000 after shopping for an extra 1,559,830 shares throughout the interval. Vaughan Nelson Funding Administration L.P. bought a brand new place in shares of Snowflake throughout the first quarter valued at roughly $171,608,000. Lastly, Cibc World Markets Corp bought a brand new place in shares of Snowflake throughout the fourth quarter valued at roughly $147,120,000. 65.10% of the inventory is owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
A number of equities analysts have not too long ago issued reviews on the corporate. Sanford C. Bernstein boosted their goal value on Snowflake from $171.00 to $185.00 and gave the corporate a “market carry out” score in a analysis word on Thursday, Could twenty third. The Goldman Sachs Group restated a “purchase” score and set a $220.00 value goal on shares of Snowflake in a analysis report on Monday, July 1st. KeyCorp lifted their value goal on Snowflake from $185.00 to $200.00 and gave the corporate an “chubby” score in a analysis report on Thursday, Could twenty third. Evercore ISI dropped their value goal on Snowflake from $225.00 to $170.00 and set an “outperform” score on the inventory in a analysis report on Monday, August nineteenth. Lastly, Morgan Stanley restated an “equal weight” score and set a $175.00 value goal on shares of Snowflake in a analysis report on Thursday, August twenty second. Two analysts have rated the inventory with a promote score, eleven have given a maintain score and twenty-five have assigned a purchase score to the corporate’s inventory. In line with information from MarketBeat.com, Snowflake presently has a consensus score of “Average Purchase” and a consensus goal value of $176.03.
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Snowflake Inventory Efficiency
Snowflake inventory opened at $109.95 on Tuesday. The inventory has a market cap of $36.81 billion, a PE ratio of -39.27 and a beta of 0.84. Snowflake Inc. has a one yr low of $107.13 and a one yr excessive of $237.72. The inventory has a fifty day transferring common of $125.92 and a 200 day transferring common of $144.82.
Snowflake (NYSE:SNOW – Get Free Report) final posted its quarterly earnings information on Wednesday, August twenty first. The corporate reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The corporate had income of $868.80 million throughout the quarter, in comparison with analysts’ expectations of $851.72 million. Snowflake had a detrimental return on fairness of 19.62% and a detrimental web margin of 31.73%. Snowflake’s income for the quarter was up 28.9% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the enterprise earned ($0.52) earnings per share. As a bunch, sell-side analysts predict that Snowflake Inc. will publish -2.42 EPS for the present fiscal yr.
Insiders Place Their Bets
In different Snowflake information, insider Benoit Dageville bought 1,295 shares of the corporate’s inventory in a transaction dated Friday, June twenty first. The inventory was bought at a median value of $125.19, for a complete worth of $162,121.05. Following the completion of the sale, the insider now owns 58,791 shares within the firm, valued at $7,360,045.29. The sale was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. In different information, Director Teresa Briggs bought 848 shares of the corporate’s inventory in a transaction dated Friday, July fifth. The inventory was bought at a median value of $142.98, for a complete worth of $121,247.04. Following the completion of the transaction, the director now owns 4,247 shares of the corporate’s inventory, valued at $607,236.06. The transaction was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Additionally, insider Benoit Dageville bought 1,295 shares of the corporate’s inventory in a transaction dated Friday, June twenty first. The inventory was bought at a median value of $125.19, for a complete worth of $162,121.05. Following the completion of the transaction, the insider now instantly owns 58,791 shares of the corporate’s inventory, valued at roughly $7,360,045.29. The disclosure for this sale might be discovered right here. Insiders bought a complete of 510,098 shares of firm inventory price $63,102,307 during the last quarter. 7.80% of the inventory is at present owned by company insiders.
Snowflake Profile
Snowflake Inc gives a cloud-based information platform for varied organizations in america and internationally. Its platform presents Information Cloud, which allows clients to consolidate information right into a single supply of reality to drive significant enterprise insights, construct data-driven functions, and share information and information merchandise, in addition to applies synthetic intelligence (AI) for fixing enterprise issues.
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