Schroder Investment Management Group Acquires 44,254 Shares of Snowflake Inc. $SNOW

Schroder Investment Management Group increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 8.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 565,172 shares of the company’s stock after buying an additional 44,254 shares during the period. Schroder Investment Management Group owned about 0.17% of Snowflake worth $126,469,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital Advantage Inc. increased its stake in shares of Snowflake by 1.1% in the second quarter. Capital Advantage Inc. now owns 4,412 shares of the company’s stock worth $987,000 after purchasing an additional 48 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of Snowflake by 1.3% in the second quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after purchasing an additional 48 shares during the period. Avion Wealth raised its holdings in shares of Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares in the last quarter. Insigneo Advisory Services LLC increased its position in shares of Snowflake by 1.3% in the second quarter. Insigneo Advisory Services LLC now owns 4,003 shares of the company’s stock worth $896,000 after purchasing an additional 52 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its position in shares of Snowflake by 3.8% in the second quarter. Advyzon Investment Management LLC now owns 1,520 shares of the company’s stock worth $340,000 after purchasing an additional 55 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $277.73, for a total transaction of $2,777,300.00. Following the completion of the sale, the executive vice president owned 522,450 shares of the company’s stock, valued at approximately $145,100,038.50. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, November 7th. The stock was sold at an average price of $257.29, for a total transaction of $103,687.87. Following the completion of the transaction, the director directly owned 24,927 shares in the company, valued at approximately $6,413,467.83. The trade was a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 221,305 shares of company stock worth $52,925,799. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNOW has been the subject of a number of research reports. Truist Financial boosted their price target on shares of Snowflake from $235.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. DA Davidson reaffirmed a “buy” rating and set a $250.00 price objective on shares of Snowflake in a report on Monday, August 25th. Jefferies Financial Group set a $300.00 target price on Snowflake in a research note on Monday, November 24th. Stifel Nicolaus raised their price target on Snowflake from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Robert W. Baird upped their price objective on Snowflake from $215.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $268.22.

Snowflake Stock Up 0.9%

Shares of NYSE:SNOW opened at $250.97 on Friday. The stock has a market capitalization of $85.03 billion, a P/E ratio of -60.47 and a beta of 1.23. The stock’s 50-day moving average price is $248.96 and its 200-day moving average price is $224.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, August 27th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $0.18 EPS. Snowflake’s quarterly revenue was up 31.8% compared to the same quarter last year. On average, equities analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Snowflake Profile

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.