Stablepoint Companions LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 28.6% within the 2nd quarter, based on its most up-to-date Kind 13F submitting with the SEC. The fund owned 5,135 shares of the corporate’s inventory after buying an extra 1,141 shares through the interval. Stablepoint Companions LLC’s holdings in Snowflake had been price $665,000 as of its most up-to-date submitting with the SEC.
Different hedge funds have additionally purchased and bought shares of the corporate. Norges Financial institution purchased a brand new stake in Snowflake through the fourth quarter price $838,455,000. Swedbank AB purchased a brand new place in Snowflake through the 1st quarter price roughly $258,957,000. Vanguard Group Inc. raised its holdings in shares of Snowflake by 8.0% through the fourth quarter. Vanguard Group Inc. now owns 20,988,720 shares of the corporate’s inventory valued at $4,176,755,000 after buying an extra 1,559,830 shares within the final quarter. Vaughan Nelson Funding Administration L.P. bought a brand new place in Snowflake through the 1st quarter valued at about $171,608,000. Lastly, Trivest Advisors Ltd purchased a brand new stake in shares of Snowflake through the fourth quarter valued at roughly $173,747,000. 65.10% of the inventory is presently owned by institutional buyers and hedge funds.
Snowflake Value Efficiency
NYSE:SNOW opened at $111.71 on Friday. Snowflake Inc. has a one yr low of $107.93 and a one yr excessive of $237.72. The corporate’s 50-day easy transferring common is $127.10 and its 200 day easy transferring common is $147.49. The agency has a market capitalization of $37.40 billion, a P/E ratio of -39.90 and a beta of 0.83.
Snowflake (NYSE:SNOW – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, August twenty first. The corporate reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The enterprise had income of $868.80 million for the quarter, in comparison with analysts’ expectations of $851.72 million. Snowflake had a destructive internet margin of 31.73% and a destructive return on fairness of 19.62%. The corporate’s income was up 28.9% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the corporate posted ($0.52) EPS. On common, equities analysis analysts anticipate that Snowflake Inc. will publish -2.42 earnings per share for the present fiscal yr.
Insider Shopping for and Promoting at Snowflake
In associated information, EVP Christian Kleinerman bought 546 shares of the inventory in a transaction dated Tuesday, June eleventh. The shares had been bought at a mean value of $129.32, for a complete worth of $70,608.72. Following the sale, the chief vp now straight owns 756,489 shares of the corporate’s inventory, valued at roughly $97,829,157.48. The transaction was disclosed in a submitting with the Securities & Change Fee, which is accessible by the SEC web site. In different information, EVP Christian Kleinerman bought 546 shares of the enterprise’s inventory in a transaction on Tuesday, June eleventh. The shares had been bought at a mean value of $129.32, for a complete transaction of $70,608.72. Following the completion of the sale, the chief vp now straight owns 756,489 shares of the corporate’s inventory, valued at $97,829,157.48. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which will be accessed by the SEC web site. Additionally, Director Teresa Briggs bought 848 shares of the corporate’s inventory in a transaction dated Friday, July fifth. The inventory was bought at a mean value of $142.98, for a complete transaction of $121,247.04. Following the completion of the transaction, the director now owns 4,247 shares within the firm, valued at $607,236.06. The disclosure for this sale will be discovered right here. Insiders have bought a complete of 512,678 shares of firm inventory price $63,434,135 over the past ninety days. Firm insiders personal 7.80% of the corporate’s inventory.
Analyst Scores Modifications
A number of brokerages just lately weighed in on SNOW. Sanford C. Bernstein upped their goal value on shares of Snowflake from $171.00 to $185.00 and gave the inventory a “market carry out” ranking in a report on Thursday, Could twenty third. Robert W. Baird decreased their value goal on Snowflake from $200.00 to $165.00 and set an “outperform” ranking for the corporate in a analysis notice on Tuesday, August twentieth. Macquarie dropped their goal value on shares of Snowflake from $205.00 to $200.00 and set an “outperform” ranking on the inventory in a analysis report on Friday, Could twenty fourth. Financial institution of America lowered their value goal on shares of Snowflake from $200.00 to $160.00 and set a “impartial” ranking on the inventory in a analysis report on Friday, August sixteenth. Lastly, Scotiabank decreased their value goal on Snowflake from $195.00 to $165.00 and set a “sector outperform” ranking on the inventory in a analysis report on Thursday, August twenty second. Two analysts have rated the inventory with a promote ranking, eleven have assigned a maintain ranking and twenty-five have given a purchase ranking to the inventory. Based on knowledge from MarketBeat, Snowflake presently has a mean ranking of “Average Purchase” and a mean value goal of $176.03.
View Our Newest Inventory Evaluation on Snowflake
Snowflake Profile
Snowflake Inc offers a cloud-based knowledge platform for varied organizations in the USA and internationally. Its platform affords Knowledge Cloud, which allows clients to consolidate knowledge right into a single supply of reality 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.
Featured Tales
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