Qsemble Capital Management LP Has $2.70 Million Stock Position in Snowflake Inc. (NYSE:SNOW)

Qsemble Capital Management LP lifted its stake in shares of Snowflake Inc. (NYSE:SNOWFree Report) by 247.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,560 shares of the company’s stock after buying an additional 9,660 shares during the period. Qsemble Capital Management LP’s holdings in Snowflake were worth $2,698,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp raised its position in Snowflake by 19.6% in the third quarter. Mackenzie Financial Corp now owns 22,174 shares of the company’s stock valued at $3,299,000 after purchasing an additional 3,627 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Snowflake by 25.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,384 shares of the company’s stock worth $24,502,000 after buying an additional 32,990 shares during the period. Advisor Partners II LLC increased its position in Snowflake by 6.7% in the 3rd quarter. Advisor Partners II LLC now owns 4,328 shares of the company’s stock valued at $661,000 after acquiring an additional 270 shares during the period. Inspire Investing LLC bought a new position in shares of Snowflake during the third quarter valued at $365,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Snowflake by 54.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Up 0.8 %

SNOW stock traded up $1.28 during trading on Friday, reaching $157.15. The stock had a trading volume of 2,443,791 shares, compared to its average volume of 4,138,509. The company has a market capitalization of $52.52 billion, a price-to-earnings ratio of -61.63 and a beta of 0.90. Snowflake Inc. has a one year low of $138.40 and a one year high of $237.72. The company’s 50 day moving average is $157.67 and its two-hundred day moving average is $179.21.

Snowflake (NYSE:SNOWGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The company had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. As a group, research analysts predict that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Insider Activity

In other Snowflake news, SVP Christian Kleinerman sold 1,500 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $230.00, for a total transaction of $345,000.00. Following the completion of the transaction, the senior vice president now directly owns 725,067 shares of the company’s stock, valued at $166,765,410. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Benoit Dageville sold 689 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $161.42, for a total transaction of $111,218.38. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christian Kleinerman sold 1,500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $230.00, for a total transaction of $345,000.00. Following the completion of the sale, the senior vice president now directly owns 725,067 shares in the company, valued at $166,765,410. The disclosure for this sale can be found here. Insiders sold a total of 62,380 shares of company stock valued at $9,906,900 in the last ninety days. 8.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp started coverage on Snowflake in a report on Thursday, April 11th. They set an “overweight” rating and a $185.00 target price on the stock. HSBC reaffirmed a “reduce” rating on shares of Snowflake in a research note on Thursday, February 29th. Needham & Company LLC dropped their target price on shares of Snowflake from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. UBS Group increased their price target on Snowflake from $185.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, Raymond James boosted their price objective on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.77.

View Our Latest Stock Report on Snowflake

Snowflake Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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