Motley Fool Asset Management LLC Has $1.81 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Motley Fool Asset Management LLC raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,068 shares of the company’s stock after purchasing an additional 697 shares during the period. Motley Fool Asset Management LLC’s holdings in Snowflake were worth $1,805,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SNOW. Rakuten Securities Inc. bought a new position in shares of Snowflake in the 4th quarter worth about $790,000. Sequoia Financial Advisors LLC grew its stake in shares of Snowflake by 209.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,658 shares of the company’s stock valued at $927,000 after buying an additional 3,152 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Snowflake during the 3rd quarter valued at about $458,000. Glynn Capital Management LLC increased its position in shares of Snowflake by 3.1% during the third quarter. Glynn Capital Management LLC now owns 188,428 shares of the company’s stock valued at $28,786,000 after acquiring an additional 5,629 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Snowflake by 55.9% during the fourth quarter. Raymond James & Associates now owns 295,486 shares of the company’s stock valued at $58,802,000 after acquiring an additional 105,937 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

SNOW has been the subject of a number of research analyst reports. JMP Securities increased their price target on Snowflake from $212.00 to $235.00 and gave the company a “market outperform” rating in a research report on Thursday, February 29th. KeyCorp initiated coverage on Snowflake in a report on Thursday, April 11th. They issued an “overweight” rating and a $185.00 price target for the company. Citigroup cut their price target on Snowflake from $290.00 to $240.00 and set a “buy” rating for the company in a report on Monday, March 4th. Mizuho reaffirmed a “buy” rating and issued a $205.00 price target (down from $255.00) on shares of Snowflake in a report on Thursday, February 29th. Finally, Needham & Company LLC cut their price target on Snowflake from $265.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Snowflake Stock Up 3.7 %

SNOW traded up $5.60 during mid-day trading on Friday, reaching $158.11. 6,530,771 shares of the company traded hands, compared to its average volume of 6,529,940. The stock has a market capitalization of $52.84 billion, a P/E ratio of -62.00 and a beta of 0.91. The company’s fifty day moving average price is $169.91 and its 200-day moving average price is $178.94. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. The company had revenue of $774.70 million for the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. As a group, sell-side analysts forecast that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In other news, EVP Grzegorz Czajkowski sold 683 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $161.42, for a total transaction of $110,249.86. Following the sale, the executive vice president now directly owns 86,208 shares of the company’s stock, valued at approximately $13,915,695.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Snowflake news, insider Benoit Dageville sold 689 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $111,218.38. Following the transaction, the insider now owns 70,665 shares of the company’s stock, valued at approximately $11,406,744.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Grzegorz Czajkowski sold 683 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $110,249.86. Following the completion of the transaction, the executive vice president now directly owns 86,208 shares in the company, valued at approximately $13,915,695.36. The disclosure for this sale can be found here. Insiders have sold 168,209 shares of company stock valued at $34,291,592 in the last ninety days. Corporate insiders own 8.30% of the company’s stock.

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.