Blue Owl Capital Holdings LP Buys New Holdings in Snowflake Inc. (NYSE:SNOW)

Blue Owl Capital Holdings LP bought a new stake in shares of Snowflake Inc. (NYSE:SNOWGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 59,936 shares of the company’s stock, valued at approximately $21,519,000. Snowflake accounts for approximately 1.1% of Blue Owl Capital Holdings LP’s investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of SNOW. Titus Wealth Management increased its stake in Snowflake by 2.6% in the 3rd quarter. Titus Wealth Management now owns 977 shares of the company’s stock worth $298,000 after acquiring an additional 25 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in Snowflake by 1.4% in the 4th quarter. Citizens Financial Group Inc RI now owns 2,758 shares of the company’s stock worth $934,000 after acquiring an additional 39 shares during the last quarter. PrairieView Partners LLC increased its stake in Snowflake by 66.7% in the 4th quarter. PrairieView Partners LLC now owns 100 shares of the company’s stock worth $34,000 after acquiring an additional 40 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Snowflake by 20.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 290 shares of the company’s stock worth $98,000 after acquiring an additional 50 shares during the last quarter. Finally, JJJ Advisors Inc. increased its stake in Snowflake by 29.1% in the 4th quarter. JJJ Advisors Inc. now owns 244 shares of the company’s stock worth $83,000 after acquiring an additional 55 shares during the last quarter. 76.67% of the stock is currently owned by institutional investors.

In other news, Director Michael L. Speiser sold 750,000 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $222.18, for a total value of $166,635,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.30% of the stock is currently owned by corporate insiders.

NYSE:SNOW traded down $5.33 during mid-day trading on Friday, hitting $141.49. 7,485,222 shares of the company’s stock traded hands, compared to its average volume of 7,065,165. The company has a fifty day moving average of $191.10 and a 200 day moving average of $268.79. Snowflake Inc. has a twelve month low of $126.01 and a twelve month high of $405.00. The company has a market capitalization of $44.51 billion, a P/E ratio of -62.06 and a beta of 1.80.

Snowflake (NYSE:SNOWGet Rating) last announced its earnings results on Wednesday, March 2nd. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.06. Snowflake had a negative return on equity of 13.45% and a negative net margin of 55.76%. The company had revenue of $383.77 million for the quarter, compared to analyst estimates of $371.89 million. During the same period in the prior year, the company posted ($0.70) EPS. Analysts expect that Snowflake Inc. will post -1.6 earnings per share for the current year.

A number of analysts have issued reports on the company. BNP Paribas downgraded Snowflake from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a research note on Tuesday, March 29th. Zacks Investment Research downgraded Snowflake from a “buy” rating to a “hold” rating in a research report on Tuesday. Loop Capital raised Snowflake from a “hold” rating to a “buy” rating and set a $370.00 target price on the stock in a research report on Tuesday, January 25th. Truist Financial cut their target price on Snowflake from $350.00 to $300.00 in a research report on Tuesday, May 10th. Finally, BTIG Research cut their target price on Snowflake from $435.00 to $359.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $294.79.

Snowflake Company Profile (Get Rating)

Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.

Read More

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWGet Rating).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.